Which of the following statements is true of industrial economies?
A) Industrial economies export their goods to other types of economies for raw materials.
B) Industrial economies create a new rich class and small but growing middle class.
C) The vast majority of people in industrial economies engage in simple agriculture.
D) Industrial economies are rich in one or more resources but poor in other ways.
E) Industrial economies consume most of their output and barter the rest for simple goods and services.
Correct Answer:
Verified
Q1: Which of the following is true of
Q3: Japan is a major exporter of manufactured
Q4: Which of the following is true of
Q5: Restrictive product standards is an example of
Q6: _ involves the least change in the
Q7: A subsistence economy is one in which
Q8: An emerging economy is one in which
Q9: Which of the following is true of
Q10: The purpose of a quota is to
Q11: An emerging economy is also known as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents