Why do developing countries usually have less variety in their economic activities?

a) limited access to education means that people are not trained to work in industry or technology.

b) focusing on one or two economic activities leads to more rapid economic development.

c)developing countries are usually small and have limited populations and resources.

d) people prefer the lifestyle that accompanies traditional activities such as farming.

The correct answer is A) Limited access to education means that people are not trained to work in industry or technology

A) Limited access to education means that people are not trained to work in industry or technology.

Explanation:

The educational level is directly associated with labor productivity, one of the factors of production of manufactures. Thus, the higher the educational level, the greater will be the multiplicity of goods and services produced by an economy, because workers will have greater labor capacity to work in different activities, especially industry and technology. This usually does not occur in developing countries, whose access to education is more restricted. Thus people tend to work on simpler activities.

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi