The Number of the Countries of the World Classified as a Less

question 116

Multiple Choice

The number of the countries of the world classified as a less developed country (LDC) is about:

• A) 50.
• B) 75.
• C) 100.
• D) 150.
• E) 300.

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Definitions:

Domestic

Pertaining to or produced within a country's borders, often in contrast to foreign or international.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.