Business, 05.09.2019 01:30 Strudl8920

An important reason why economies at an early stage of development tend to operate inefficiently is
a. they tend to be plagued by superstitious beliefs that stifle innovation.
b. they tend to have authoritarian governments that stifle innovation.
c. the high transactions costs associated with barter.
d. they tend to be dominated by the agricultural sector, where productivity is usually low

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An important reason why economies at an early stage of development tend to operate inefficiently is...

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