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Ghella [55]
2 years ago
6

According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standa

rds b. place great strains on an economy's productive resources, resulting in perpetual poverty c. are a prerequisite for technological advances and higher living standards d. are not a factor in determining living standards
Business
1 answer:
frozen [14]2 years ago
5 0

According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

<h3>Who is Michael Kremer?</h3>

Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.

Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.

Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

Learn more about economic theories at brainly.com/question/1366201

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The correct answer to this open question is the following.

Although the question is incomplete because it does not attach the model to answer it we can comment on the following.

The problem is that Jamal, trying to increase profits, decided to sell two different products that are not part of the Subway products. When the franchisor visited Jamal's location, it realized the changes and set an ultimatum to Jamal to respect the franchise agreement.

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3 years ago
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Answer:

Option "B" is the correct answer to the following question.

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