____ Classifies a Country's Stage of Economic Development on the Basis

question 113

Multiple Choice

____ classifies a country's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.

• A) The U.S. Department of Commerce
• B) The North Atlantic Treaty Organization
• C) The International Organization for Standardization
• D) The United Nations
• E) The World Trade Organization

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Definitions:

Annual Crop

Plants that are sown, grow, are harvested, and die all in one growing season or year.

Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity of the good that producers are willing and able to sell.

Carrots

In a metaphorical sense, incentives or rewards used to motivate behavior; in a literal sense, a root vegetable typically orange in color.

Supply Curve

A graph showing the relationship between product price and quantity of product that a seller is willing and able to supply.