Developing Countries Usually Have _____

question 110

Multiple Choice

Developing countries usually have _____

• A) lower rates of illiteracy.
• B) lower unemployment.
• C) faster population growth.
• D) exports of only manufactured goods.
• E) the efficient use of labor.

---

Definitions:

High Quality

A description of goods or services that meet or exceed consumer expectations in terms of performance, durability, and reliability.

Optimal Combination

The most favorable mix of goods, services, or resources to achieve the highest level of satisfaction or output with given resources and constraints.

Efficiency

The property of a resource allocation of maximizing the total surplus received by all members of society.

Equality

The property of distributing economic prosperity uniformly among the members of society.