Which of the Following Characteristics Typically Applies to an Emerging

question 20

Multiple Choice

Which of the following characteristics typically applies to an emerging market?

• A) It has existed for less than five years.
• B) It is based in a third-world country.
• C) It has a large degree of inflation.
• D) It has recently undergone a large period of growth

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Definitions:

Trade

The act of transacting by acquiring, disposing of, or swapping commodities and services within or between nations.

Opportunity Cost

The financial sacrifice of skipping the subsequent best choice when a decision is made.

Coconuts

Coconuts are the large seeds of the coconut palm tree, known for their edible flesh, water, and oil, which are used in a variety of culinary, cosmetic, and industrial products.

Fish

Aquatic, vertebrate animals with gills and fins, living in water bodies around the world, used for food, sports, or as pets.