Developing Countries Tend to Export ______ Because Many of Them

question 60

Multiple Choice

Developing countries tend to export ______ because many of them have large endowments of ______.

• A) primary products, natural resources
• B) primary products, capital
• C) capital goods, advanced technology
• D) capital goods, investment funds

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Definitions:

MC

The additional cost incurred by producing one more unit of a product or service, commonly known as marginal cost.

ATC

Stands for Air Traffic Control, a service provided to direct aircraft safely in the sky and on the ground.

Output Q3

A specific reference to the quantity of goods or services produced in the third quarter of a financial or calendar year.

Lowest Cost

The minimum expense incurred in producing or offering a good or service, often emphasized as a competitive advantage in markets.