Which of These Statements About Peripheral Countries Is False

question 36

Multiple Choice

Which of these statements about peripheral countries is false?

• A) They are the largely agricultural countries
• B) They lack natural resources
• C) They are often politically unstable
• D) They exercise little world power

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Definitions:

Law of Averages

A layman's term for the statistical principle that over time, outcomes will tend towards the expected average; not a formal economic law. NO.

Microeconomics

The branch of economics that studies individual units of the economy, such as households and firms, and their interactions in markets.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate outcomes such as economic growth, inflation, and unemployment.

National Income

The total income earned by a country's people and businesses, including wages, rent, interest, and profits.