Write True or False to the Statements Below

question 127

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-According to the core-periphery model, the richest nations in the world are mostly located in the Northern Hemisphere.

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Definitions:

Output

The total amount of goods and services produced by an economy, a sector, or a company during a specific period.

Shutdown Point

The level of operation at which a firm is not generating enough revenue to cover its variable costs, making it economically viable to cease production.

Output

The total quantity of goods or services produced by a business, industry, or economy within a specific period.

Peak Efficiency

The state in which an entity or system is operating at its maximum potential and efficiency, without waste of resources.