Question

what characterizes developing economies? check all that apply.
□ a growing industrial economy
□ a low level of reliance on natural resources
□ a drop in the standard of living
□ a focus on agricultural activity
□ a shrinking middle class

Explanation:

• A developing economy often has a growing industrial economy as it transitions from agrarian to industrial.
• Developing economies typically have a focus on agricultural activity (many still rely heavily on agriculture for employment and output).
• A low level of reliance on natural resources is not characteristic (many developing economies rely on natural resources). A drop in standard of living and shrinking middle class are not typical of developing economies (they aim to improve living standards and grow middle class).

Answer:

a. a growing industrial economy
d. a focus on agricultural activity