An emerging economy is one in which ________.
A)the country imports large amounts of finished textiles and automobiles
B)the vast majority of people engage in simple agriculture
C)the country is rich in one or more resources but poor in other ways
D)there are very few imports of raw textile materials and steel
E)fast growth in manufacturing results in rapid overall economic growth

Question

Quizplus · Accepted Answer

An emerging economy is characterized by fast growth in manufacturing and rapid overall economic growth. This means that the country's manufacturing sector is expanding quickly, which in turn drives economic growth. This growth is typically accompanied by rising standards of living, increased output and productivity, and higher levels of employment.

An Emerging Economy Is One in Which ________