Which of the Following Categories Contains Countries in Which Average

question 55

Multiple Choice

Which of the following categories contains countries in which average income is typical for the world as a whole and in which people are as likely to live in a rural area as in an urban area?

• A)low-income nations
• B)middle-income nations
• C)high-income nations
• D)None of the above is correct.

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Definitions:

Contractual Liability

The liability that individuals or entities have to one another as a result of entering into an agreement.

Common Law

A system of law based on precedent and customs rather than statutory laws.

Gap-Filling Rules

Provisions in law that allow courts or parties to fill in missing terms in a contract.

Sale Of Goods

The transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of service.