Developing Countries Include All the Following Except

question 139

Multiple Choice

Developing countries include all the following except

• A)relatively poor countries.
• B)emerging markets.
• C)less-developed countries.
• D)advanced economies.
• E)low-income countries.

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Definitions:

Average Total Cost

The total cost of producing a given output level divided by the quantity of output, indicating the average expense per unit produced.

Marginal Cost

The rise in financial outlay for the production of an extra unit of a product or service.

Production

The process of creating goods and services from various resources.

Bushels

A unit of volume that is used for measuring agricultural commodities, with the exact size varying by product and region.