Which of the Following Is True for the BRIC Economies

question 59

Multiple Choice

Which of the following is true for the BRIC economies?

• A) The strength of the Russian economy is built on technological expertise and an abundance of labour.
• B) The growth of the Brazilian economy depends on access to important forestry and energy
• C) India's economy is technologically capable and is reaping the bene?ts of vast energy resources.
• D) The mainstay of China's economy is its low-skill, high-wage workers.

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Definitions:

Ownership Rights

Legal rights that confer the possession, use, and transferability of a property or asset to its owner.

Market Participants

Entities or individuals that engage in the buying, selling, or exchange of goods and services in a particular market.

Maximize Utility

An economic principle that suggests individuals seek to obtain the highest level of satisfaction possible from their resources.

Maximize Benefits

Strategies or actions aimed at obtaining the greatest possible advantage or value from a situation, resource, or system.