An emerging economy is one which ________.
A) imports large amounts of finished textiles and automobiles
B) offers few market opportunities for imported goods
C) consumes all or most of its output
D) needs few imports of raw textile materials and steel
E) has a rapid growth in manufacturing

Question

Quizplus · Accepted Answer

An emerging economy is characterized by rapid growth in manufacturing, indicating a shift from low-productivity agriculture to higher-productivity industry. This growth often leads to increased exports and the need for raw materials to sustain production, contradicting options A and D. Option B describes a closed economy, while an emerging economy typically seeks market opportunities through greater global integration. Option C is a general statement that does not accurately define an emerging economy.

An Emerging Economy Is One Which ________