GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are likely to be favourable to the economic growth of developing countries?(1) Many multinationals move their headquarters to developing countries from their home countries.(2) Many developing countries take actions to tackle corruption.(3) Developing countries start using trade barriers to protect their infant industries.
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(1) and (2) only
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(1) and (3) only
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(2) and (3) only
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(1), (2) and (3)
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Explanation:
Detailed explanation-1: -Overall, this study also-concluded that developing countries classified as market economies generally achieved greater economic success, both in international comparison and over time in the case of countries that had undergone political change.
Detailed explanation-2: -Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.
Detailed explanation-3: -The major characteristics of developing economy are low per capita income, overpopulation, maximum population below the poverty line, poor infrastructure, agro-based economy and a lower rate of capital formation.
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