Suppose an Economy Consists of Two Sectors: a Sophisticated Manufacturing

question 111

Multiple Choice

Suppose an economy consists of two sectors: a sophisticated manufacturing sector and modern agricultural sector in which most of the crops that are grown are sold for cash.Such an economy:

• A)would be considered a dual economy.
• B)would not be considered a dual economy.
• C)might be considered a dual economy if its institutions are underdeveloped.
• D)might be considered a dual economy if its political system lacks institutional checks and balances.

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Definitions:

Oranges

A citrus fruit known for its sweet or slightly acidic flavor, commonly consumed fresh or as juice.

Consumptions

The act of using goods and services for personal use, including the spending on such goods and services in an economy.

Apples

A fruit produced by an apple tree, widely consumed and cultivated globally for its sweetness and variety of uses.

Oranges

A citrus fruit known for its vibrant color and sweet, slightly tart flavor, commonly consumed fresh, juiced, or used as flavoring in various dishes.