Which of the following is characteristic of DVCs?
A) A large percentage of the labor force is in agriculture.
B) There are high levels of saving and investment.
C) They have high labor productivity.
D) There are high levels of training.

Question

Quizplus · Accepted Answer

DVCs, or developing and emerging market economies with relatively stable governments, tend to have a large percentage of their labor force employed in agriculture. This is due to factors such as a lack of industrialization and modernization in the economy. While some DVCs may have high levels of savings and investment, high levels of labor productivity, and/or high levels of training, these are not characteristics that apply universally to all DVCs.

Which of the Following Is Characteristic of DVCs