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

Question

Quizplus · Accepted Answer

Industrial economies typically export manufactured goods to other economies in exchange for raw materials, as they have advanced manufacturing capabilities and require raw materials to produce goods.

Which of the Following Statements Is True of Industrial Economies