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Which of the following is NOT one of the problems facing most developing nations? - Economic Applications

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Question

Which of the following is NOT one of the problems facing most developing nations?

Options

  • Rapid population growth

  • Scarcity of capital

  • Labour shortages

  • Foreign dependence

MCQ
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Solution

Labour shortages

Explanation:

Most developing nations face rapid population growth, scarcity of capital, and foreign dependence. However, they generally do not face labour shortages because high population growth results in abundant labour supply rather than shortages.

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Chapter 4: Types of Economies - QUESTIONS [Page 69]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 15. | Page 69
J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 15. | Page 56
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