Which of the Following Is a Difference Between Developed Markets

question 8

Multiple Choice

Which of the following is a difference between developed markets and emerging markets?

• A) Developed markets have economic policies of open trade and free markets, whereas emerging markets have economic policies that restrict open trade and free markets.
• B) Developed markets have an intermediate income level among citizens, whereas emerging markets have a low income level among citizens.
• C) Developed markets experience average economic growth of around 2 percent/year, whereas emerging markets experience economic growth of at least 4 percent/year.
• D) Developed markets have high levels of economic activity, whereas emerging markets have low levels of economic activity.

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Definitions:

Product Promotion

The activities undertaken by a business to make its products or services known to potential customers and persuade them to buy.

Product Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Monopolistically Competitive

An economic setup in which various firms market products that are comparable yet distinct, granting them some control over the market.

Economic Analysis

The systematic approach to determining the optimal use of scarce resources, examining the costs and benefits of economic decisions.