Which of the Following Is Not a Common Characteristic of a Developing

question 125

Multiple Choice

Which of the following is not a common characteristic of a developing country?

• A) Extensive direct government control of the economy
• B) History of low inflation
• C) Many weak credit institutions
• D) "Pegged" exchange rates
• E) Agricultural commodities make up a large share of its exports.

---

Definitions:

Fixed Expenses

Expenses that remain the same regardless of the level of production or sales activities.

Sales

The total revenue generated from the sale of goods or services by a company during a specific period.

Operating Assets

Assets used by a business in its day-to-day operations to generate income, including equipment, property, and inventory.

Operating Assets

Assets used by a business in its operational activities to generate revenue, excluding investments and non-operating assets.