The Low-Income Countries Are Also Called the Least Developed Countries

question 127

True/False

The low-income countries are also called the least developed countries.​

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Definitions:

Free Trade Agreement

A pact between two or more nations to reduce barriers to imports and exports among them.

Market-Oriented Economy

A type of economic system where supply and demand from private households and businesses shape the production of goods and services, with minimal government intervention.

Immigration

The process of permanently relocating to a country that is not one's own.

Regional Trading

The exchange of goods and services within a specific geographic area, promoting economic cooperation among neighboring countries.