Which of the Following Statements About the Middle Class in Emerging

question 2

Multiple Choice

Which of the following statements about the middle class in emerging economies is least accurate? 

• A)By 2020 more than half of the world's middle class is predicted to be in Asia.
• B)Estimates suggest that 70 percent of world growth over the next few years will come from already developed countries.
• C)Many countries such as China and India have become less suspicious of foreign investment and free trade, thus fostering vigorous globalization.
• D)Once known only for cheap labor, many countries with emerging economies are now seen as promising markets.

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Definitions:

Duty Of Care

A legal obligation to ensure the safety or well-being of others, which can arise in various contexts such as professional services or public activities.

Honest Error

A mistake made without malicious intent or knowledge of its falsehood, often considered in legal and ethical considerations.

Underestimating Cost

The act of calculating or predicting a cost to be lower than it eventually turns out to be.

Personally Liable

The legal responsibility of an individual to fulfill a debt or obligation from their own assets.