In developing countries, obstacles to economic development include all of the following except
A) inadequate natural resources
B) institutional and cultural barriers
C) shortages of labor
D) shoratges of capital goods

Question

Quizplus · Accepted Answer

Most developing countries have abundant labor but face challenges in other areas such as capital goods, institutional and cultural barriers, and sometimes inadequate natural resources. The shortage of labor is typically not among the primary obstacles to economic development in these regions.

In Developing Countries, Obstacles to Economic Development Include All of the Following