Developing Countries Fall into Two Categories, Moderately Developed and Less

question 39

Multiple Choice

Developing countries fall into two categories, moderately developed and less developed. Which of the following is not classified as a less developed country?

• A) Laos
• B) Niger
• C) Bangladesh
• D) Thailand
• E) Ethiopia

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Definitions:

Money Supply

The entirety of monetary resources accessible in an economy during a specific period.

Rational

Characterized by clear and logical thinking, often with regard to fulfilling one's personal goals or making decisions based on empirical evidence and reasoning.

Unemotional Self-interest

Refers to actions motivated purely by personal gain without regard to emotions or moral considerations.

Q

Generally denotes quantity in economic and mathematical models, referring to the amount of goods or services.