Amber Concludes That Brazil Invests in New Industries and Embraces

question 76

Multiple Choice

Amber concludes that Brazil invests in new industries and embraces the beliefs,values,and social institutions of countries such as Canada and the United States.Which stage of economic development has Brazil attained?

• A) traditional
• B) take-off
• C) technological maturity
• D) high mass consumption

---

Definitions:

Transactions

The activities or dealings that involve the transfer of goods, services, money, or titles between parties, forming the basis of accounting records.

Asset Account

An account that represents a resource owned by a business from which future economic benefits are expected.

Expense Account

An account used to record expenses incurred by a business, which are then used to reduce income on the profit and loss statement.

Understated

Understated means that a financial amount has been reported or recorded as less than its actual or true value.