Developing Countries Need to Trade with Developed Countries Because

question 12

Multiple Choice

Developing countries need to trade with developed countries because:

• A)developing countries need to adopt the advanced ways of living of the developed countries.
• B)developing countries need the primary products that the developed countries export.
• C)developing countries lack unskilled labor which they get from developed countries.
• D)developing countries need technology and capital to increase productivity on farms,in factories,office,and in homes.
• E)developing countries export capital to developed countries and increase their foreign exchange reserve.

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Definitions:

Financial Markets

consist of platforms or systems where buyers and sellers engage in trading financial securities, commodities, and other fungible items of value.

Academic Researchers

Individuals engaged in the systematic pursuit of knowledge in various fields, typically within institutions, focusing on empirical evidence and theoretical understanding.

Co-creation

A business strategy that involves consumers or clients in the creation process of new products or services, aiming to better meet their needs and enhance innovation.

Brand Identity

Brand identity is the collection of all elements that a company creates to portray the right image to its consumer, including visuals, messaging, and experience.