Question

The scarcity of capital, technological backwardness, and unemployment are generally found in ________.

• A. Developed countries
• B. Underdeveloped countries
• C. Developing countries
• D. None of the above

Answer 1

Answer: (B)

Underdeveloped countries

In economics, underdevelopment is when resources are not used to their full socio-economic potential. As a result local or regional development is slower in most cases than it should be, especially compared with the investment and innovation in countries that surround it. The scarcity of capital, technological backwardness, and unemployment are generally found in underdeveloped countries.