Which of These Factors Is Not a Strong Indicator of Third

question 4

Multiple Choice

Which of these factors is not a strong indicator of Third World status?

• A) Basic raw materials comprise the bulk of gross national product.
• B) Foreign capital controls much of the domestic economy.
• C) Dictators of one kind or another are always in power.
• D) Third World countries remain heavily dependent on the more developed countries.
• E) Most workers lack both skills and an advanced education.

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Definitions:

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can produce given its available resources and technology.

Comparative Advantage

The proficiency of either a person, a company, or a country in crafting a good or providing a service, which comes at a lesser opportunity cost than that offered by rival parties.

Domestic Demand

The total demand for goods and services within a country's borders.