Question

Countries A and B are exactly similar in terms of resources and technology. Still country A reported a higher growth rate than country B last year. Which of the following can explain this anomaly?
1. higher population growth in country B
2. favorable climate in country A
3. lack of proper institutions in country B
a. I and III
b. only III
c. only I
d. I, II, and III
e. II and III

Answer 1

Answer:

E) l and III

Explanation:

Country B may be having geometry population growth rate while country A is still growing her population in an arithmetic population growth rate.

Secondly, country may have weak institutions to manage her resources effectively and efficiently which literally means resources capacity utilization and planning is very poor, resources risks are not properly assessed and managed, problem of skills mismatch

Use of resources are not optimized.