Asked by Areli Hernandez on Jul 24, 2024
Verified
Which of the following is considered to be a severe obstacle to economic growth for DVCs?
A) low trade barriers
B) large international debts
C) an increase in the rate of saving
D) a slowing of population growth
International Debts
Financial obligations owed by one country to foreign lenders, which can include governments, corporations, or international financial institutions.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured as the percentage increase in real gross domestic product (GDP).
Trade Barriers
Measures implemented by governments to regulate international trade, such as tariffs, quotas, and import bans, which can protect domestic industries.
- Understand the barriers to economic growth in developing countries, including trade barriers and international debt.
Verified Answer
Learning Objectives
- Understand the barriers to economic growth in developing countries, including trade barriers and international debt.
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