Carmen Reinhart and Kenneth Rogoff explain the parad... - Solved MCQs & Answer

2406EconomicsMedium

Carmen Reinhart and Kenneth Rogoff explain the paradox of capital flows from poor to rich countries by?

Athe brain drains from LDCs to DCs

Bthe fat that the DC capital market is perfectly competitive

Cthe law of increasing returns that implies that the marginal productivity of capital is higher in LDCs

Dthe price role of political and credit-market risk in many LDCs

Correct answer

D. the price role of political and credit-market risk in many LDCs

Explanation

The correct answer is the price role of political and credit-market risk in many LDCs.

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