Which of the Following Is True of Raw Material Exporting

question 53

Multiple Choice

Which of the following is true of raw material exporting economies?

• A)In raw material exporting economies, the vast majority of people engage in simple agriculture.
• B)Raw material exporting economies typically create a new rich class.
• C)Raw material exporting economies are major exporters of manufactured goods, services, and investment funds.
• D)Raw material exporting economies are rich in one or more resources but poor in other ways.
• E)Raw material exporting economies consume most of their output and barter the rest.

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Definitions:

Economic Structures

The organization and interrelationship of different economic sectors and institutions within a society, shaping the distribution of resources and wealth.

Microsociologist

A sociologist specializing in the study of the social processes and interactions that occur in small group settings, focusing on the nuances of human behavior and social dynamics.

Conversation Patterns

Refers to the structured ways in which people exchange information, ideas, or thoughts through verbal or non-verbal communication.

Sociologist

A social scientist who studies the development, structure, and functioning of human society and the dynamics of social relationships.