Which of the following is true?
i. The advanced economies account for more than half of global production.
ii. Almost four out of every five people in the world live in the developing economies.
iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies.
A) Only i and ii
B) i, ii, and iii
C) Only i
D) Only ii and iii
E) Only i and iii
A
You might also like to view...
A perfectly competitive industry always has a perfectly elastic (flat) long-run supply curve
a. True b. False Indicate whether the statement is true or false
Why do people hold money? Explain the reasons.
What will be an ideal response?
The tools of demand-side macroeconomic policy are the money supply and prices.
Answer the following statement true (T) or false (F)
Which of the following would be an example of a fixed cost?
A) the electric and gas bills B) wages paid to temporary workers C) property insurance premiums D) expenditures on imported raw materials