Capital Formation, Investment Choice, Information Technology, And Technical Progress
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- Capital Formation, Investment Choice, Information Technology, And Technical Progresseconomics-mcqs › capital-formation-investment-choice-information-technology-and-technical-progress
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
Over time, enhancing education and training systems, along with transportation, communication, and other infrastructure in Less Developed Countries (LDCs), is expected to improve which of the following?
Multiple choice question for Capital Formation, Investment Choice, Information Technology, And Technical Progress. Select an option, then review the explanation below.
Explanation
Investing in education, training, and infrastructure in LDCs boosts their absorptive capacity, meaning their ability to effectively utilize and implement new technologies and knowledge. This improvement helps foster development and economic growth.
More Capital Formation, Investment Choice, Information Technology, And Technical Progress MCQs
Practice related questions from the same subject.
- 1.During the 1980s, economists noticed that investments in information and communications technology (ICT) did not correspond with increased productivity. What is this phenomenon called?
- 2.What term describes market prices that have been modified to reflect the gap between social and private cost-benefit analyses?
- 3.Which of the following is an example of external diseconomies?
- 4.Immunizing individuals against diseases such as measles, rubella, polio, and cholera to significantly enhance overall social welfare by boosting population health and productivity is an example of what?
- 5.Which statement accurately describes labor conditions in Less Developed Countries (LDCs)?