Post World War II, It Was Noticed That There Was

question 108

Multiple Choice

Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____.

• A) capitalist countries
• B) free trade economies
• C) tier-II countries
• D) developed countries
• E) newly industrialized countries

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Definitions:

Capital Goods

Long-lasting goods used in the production of other goods or services, such as machinery, buildings, and equipment.

Life Span

The length of time for which a living organism, including humans, exists, from birth to death.

Capital Stock

The total amount of physical, durable goods that a company possesses at any given time, which are used in producing goods and services.

Intangible Assets

Non-physical assets owned by a business that have value, such as intellectual property, goodwill, and brand recognition.