Economic Development Answers

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31264

Which of these factors did you include? Check all that apply.

A
a low GDP
B
an economy based on agriculture
C
an economy based on a few industries
D
a low standard of living
E
a lack of infrastructure
F
low labor costs
31266

Which of these factors is the strongest sign that Country B has a developed economy?

A
Multinational corporations operate within its borders.
B
It is home to many high-tech companies.
C
It has laws favorable to entrepreneurship
D
It has a high gross domestic product.
31268

Which factor places this nation in the transitioning category?

A
Multinational corporations operate within its borders.
B
It is shifting from a planned to a free-market economy.
C
It has recently increased trade with Western Europe.
D
It has a rising GDP.

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