The Majority of the Value of Production in the World

question 207

Multiple Choice

The majority of the value of production in the world economy is produced in

• A) all of the developing economies taken together.
• B) all of Africa and the Middle East taken together.
• C) China and other Asian developing economies.
• D) all of the advanced economies taken together.
• E) all of the emerging market economies taken together.

---

Definitions:

Proposed Rule

An official suggestion for a new regulation or amendment to existing regulations, usually published for public comment before adoption.

Comments

Observations or remarks expressed to convey feedback or information.

Informal Rule Making

The process whereby regulatory agencies create and issue rules and regulations through methods that are less formal than traditional rulemaking processes, often involving public notice and comment.

Efficiency

The economic principle of getting the most output from the least input.