Which of the following statements is true of industrial economies?
A) They export their goods to other types of economies for raw materials.
B) They have a declining middle class population.
C) They depend on agriculture as the primary revenue generator.
D) They do not trade goods amongst themselves.
E) They consume most of their output and barter the rest for simple goods and services.

Question

Quizplus · Accepted Answer

Industrial economies rely on a steady supply of raw materials to sustain their manufacturing processes. As such, they often import materials from other economies, such as agricultural or resource-based economies, and export their finished goods to other markets. Option B, C, D, and E are incorrect because they do not accurately describe industrial economies.

Which of the Following Statements Is True of Industrial Economies