Which of the Following Was the Original Meaning of the Phrase

question 7

Multiple Choice

Which of the following was the original meaning of the phrase "third world"?

• A) A global attempt to create "socialism with a human face"
• B) A universal struggle for liberation through guerrilla warfare
• C) An alternative to Western capitalism and Soviet communism
• D) A movement for global justice and equality

---

Definitions:

Equilibrium Values

The set of prices or quantities in a market or economic model where supply equals demand, and no incentive exists for change.

Cyclical Industries

Industries in which sales tend to magnify cyclical changes in gross domestic product and national income.

Business Earnings

The profit made by a business over a period of time, indicating its financial performance and profitability.

Secondary Supply

The provision of goods or services from secondary markets or sources, distinct from primary or direct sources.