Which of the following characterizes emerging economies?
A) Industrialization typically creates a new rich class and a growing middle class, both demanding new types of imported goods.
B) They trade goods among themselves and also export them to other types of economies for raw materials and semifinished goods.
C) Most African countries fall into this category.
D) They consume most of their output and barter the rest for simple goods and services.
E) These countries are the best markets for large equipment, tools and supplies, and trucks.

Question

Quizplus · Accepted Answer

Emerging economies are characterized by industrialization, which often leads to the creation of a new rich class and a growing middle class that demands new types of imported goods.

Which of the Following Characterizes Emerging Economies