Asmaris is a developing nation in Africa. Its government recently formulated a free trade policy and opened doors to foreign investment in the country. Abdu, an economist, believes that Asmaris is now an emerging market. Which of the following statements supports Abdu's argument that Asmaris is an emerging market?
A) The citizens of Asmaris have an intermediate income level.
B) Asmaris has a high degree of globalization.
C) Asmaris has a high level of economic stability.
D) The average economic growth of Asmaris is around 2 percent/year.
Correct Answer:
Verified
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