Modernization means that a society becomes________________?
Correct answer: D. industrial
- A. democratic
- B. affluent
- C. agricultural
- D. industrial
Explanation
Modernization generally involves the transition from traditional agrarian arrangements to industrial, urban, and technologically advanced ones. Among the options, industrial is the defining feature.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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