TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings. • Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings. • One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.

TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings. • Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings. • One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter23: Growth And Less Developed Countries

Section: Chapter Questions

Problem 9SQP

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