Question

Which of the following most accurately states the importance of technology as a source of economic growth for less-developed countries? O a. Restraints imposed by the slow advancements in modern technology have severely constrained the growth of less-developed countries. O b. If modern technology was the only requirement for economic growth, less-developed countries would be growing rapidly. O c. Most less-developed nations have the necessary complementary factors of production to make good use of modern technology if they could just afford the complex machines. O d. While modern technology has increased the income levels in less developed countries, it has been unable to improve living standards.

Answer 1

Option A

Explanation: It emphasizes on the notion that slow growth in technology has prevented high economic growth in low income countries.