Which of the Following Is True

question 55

Multiple Choice

Which of the following is true?
I. The advanced economies account for more than half of global production.
Ii. Almost four out of every five people in the world live in the developing economies.
Iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies.

• A)i, ii, and iii
• B)Only i
• C)Only i and ii
• D)Only ii and iii
• E)Only i and iii

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Definitions:

Professional Buyers

Individuals whose job is to purchase goods and services for their organization, focusing on achieving the best price, quality, and supply conditions.

Antique Objects

Items of high value due to their considerable age, rarity, craftsmanship, or historical significance.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in decision-making.

Inefficient Outcomes

Situations in which resources are not allocated optimally, leading to wasted resources or unmet potential.