Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 30
9708Relationship between countries at different levels of development
Under which circumstances will low wages and low-cost land in a low-income country not attract foreign investment in manufacturing?
- Aif the country creates genuine independence for their central bank
- Bif the country embarks on a programme of privatisation
- Cif the country lacks well-developed infrastructure
- Dif the country permits repatriation of profits
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Correct answer: C. if the country lacks well-developed infrastructure
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