Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger in these countries than in high-income countries, where levels of human and physical capital are already relatively high.

a. total effect
b. marginal effect
c. average effect
d. none of the above

Question

26-06-2024
Business

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Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger in these countries than in high-income countries, where levels of human and physical capital are already relatively high.

a. total effect
b. marginal effect
c. average effect
d. none of the above

Sagot :

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