True or False questions: Please answer all the questions, Thanks. 1. Underdevelopment is a point of equilibrium just as development is. 2. In the process of development, pecuniary externalities can be totally avoided. 3. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. 4. Improving hard and soft infrastructure increase investments and trade of a nation. 5. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. 6. O- Ring Model posits that there are no small tasks in the development process of nations.

True or False questions: Please answer all the questions, Thanks. 1. Underdevelopment is a point of equilibrium just as development is. 2. In the process of development, pecuniary externalities can be totally avoided. 3. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. 4. Improving hard and soft infrastructure increase investments and trade of a nation. 5. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. 6. O- Ring Model posits that there are no small tasks in the development process of nations.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 6SCQ: What are some steps the government can take to encourage research and development?

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