Most Developing Nations Share the Following Characteristic(s)

question 146

Multiple Choice

Most developing nations share the following characteristic(s) :

• A) unequal distribution of income, with a very small middle class.
• B) a broad range of products for export, usually based on basic manufacturing.
• C) high savings rates.
• D) a productive agricultural sector that supports much of the population.
• E) political stability based on a nondemocratically elected government.

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Definitions:

Comparative Advantage

The ability of a country or entity to produce a good or offer a service at a lower opportunity cost than competitors, facilitating specialized trade benefits.

Production Data

Information and statistics related to the amount and types of goods and services produced within a particular period.

Quotas and Tariffs

Quotas and tariffs are trade policies where quotas limit the quantity of goods that can be imported, and tariffs are taxes imposed on imported goods to make them more expensive.

Foreign Governments

The governing bodies or authoritative administrations of countries other than one's own.