Developing Countries Usually Have _____

question 138

Multiple Choice

Developing countries usually have _____

• A) lower rates of illiteracy.
• B) lower unemployment.
• C) lower population growth.
• D) exports consisting mostly of agricultural products.
• E) the efficient use of labor.

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Definitions:

Pizza

A popular dish of Italian origin consisting of a flat, round base of dough baked with a topping of tomato sauce and cheese, often with added meat, fish, or vegetables.

Production Possibility Frontier

A model that illustrates the trade-offs facing an economy that produces only two goods. It shows the maximum quantity of one good that can be produced for any given quantity produced of the other.

Autarky Price

The price of a good or service in a closed economy that does not engage in trade with other economies.

Slope

A measure of how steep a line or curve is. The slope of a line is measured by “rise over run”—the change in the y-variable between two points on the line divided by the change in the x-variable between those same two points.