QuestionJuly 15, 2025

What are major obstacles to economic development for developing countries? (Select all that apply.) D limited natural resources regressive tax code low skilled workforce high population growth

What are major obstacles to economic development for developing countries? (Select all that apply.) D limited natural resources regressive tax code low skilled workforce high population growth
What are major obstacles to economic development for developing countries?
(Select all that apply.)
D limited natural resources
regressive tax code
low skilled workforce
high population growth

Solution
4.2(251 votes)

Answer

Limited natural resources, regressive tax code, low skilled workforce, high population growth Explanation 1. Identify Obstacles Analyze each option to determine if it is a recognized obstacle to economic development in developing countries. - **Limited natural resources**: Can hinder economic growth due to lack of materials for production and export. - **Regressive tax code**: Can exacerbate income inequality, reducing overall economic growth potential. - **Low skilled workforce**: Limits productivity and innovation, hindering economic progress. - **High population growth**: Strains resources and infrastructure, potentially slowing economic development.

Explanation

1. Identify Obstacles<br /> Analyze each option to determine if it is a recognized obstacle to economic development in developing countries.<br /><br />- **Limited natural resources**: Can hinder economic growth due to lack of materials for production and export.<br />- **Regressive tax code**: Can exacerbate income inequality, reducing overall economic growth potential.<br />- **Low skilled workforce**: Limits productivity and innovation, hindering economic progress.<br />- **High population growth**: Strains resources and infrastructure, potentially slowing economic development.
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