Class Reports (Scenario)
Prof. Jacob Middleton has divided students in his international business class into three groups. Each group has been assigned the task of presenting an overview of a major country group and outlining its distinguishing characteristics. Group 1 will discuss advanced economies, Group 2 will address the characteristics of developing economies, and Group 3 will focus on emerging markets.
-Which of the following refers to a distinctive trait of the type of economy discussed by Group 2?
A) substantial competition
B) minimal trade barriers
C) poor industrialization
D) high inward FDI

Question

Quizplus · Accepted Answer

Developing economies are often characterized by poor industrialization, which distinguishes them from advanced and emerging markets that typically have higher levels of industrialization.

Class Reports (Scenario) Prof. Jacob Middleton Has Divided Students in His International Business