Which of the following is NOT a common characteristic of a developing country?
A) extensive direct government control of the economy
B) history of low inflation
C) many weak credit institutions
D) "pegged" exchange rates
E) agricultural commodities make up a large share of its exports

Question

Quizplus · Accepted Answer

Developing countries often struggle with high inflation due to unstable and weak economies. Low inflation is not a common characteristic of a developing country.

Which of the Following Is NOT a Common Characteristic of a Developing