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Yes. The difference is that richer countries can cover these basic ones more easily, and can move on to covering more advanced questions.

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15y ago

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Related Questions

All countries rich or poor large or small face the same basic economic problems and questions?

true


What do economics systems of other countries have in common with the US?

They face the same basic economic problems


What do the economics systems in other countries have in common with the economic system of the us?

They face the same basic economic problems


What are the solutions for basic economic problems?

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What is the definition of basic economic questions?

Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.


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What do the economic systems of other countries have in common with the economic system of the US?

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How are the basic economic problems solved in economies?

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In this economic system smith believed that basic economic questions were answered by which group?

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How do we classify a nation's economic system?

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