Most of developing-country exports consist of ?

Correct answer: A. primary products such as tin and bauxite

  • A. primary products such as tin and bauxite
  • B. intermediate products
  • C. labor-intensive agricultural products
  • D. labor-intensive manufacturing products

Explanation

Developing countries have traditionally depended heavily on exports of primary commodities such as minerals, metals and agricultural raw materials. Manufacturing and intermediate-goods exports generally require greater industrial capacity.

Written and checked by , editorLast updated
Report an error

The more specific you are, the faster it gets fixed. A source beats an opinion.

Prefer email? [email protected]

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.

Practise Macroeconomics

1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Discussion

Stuck on an option, or know a faster way to get there? Ask or explain it here.

No comments yet. Be the first to explain this one.

Exams that ask Economics questions like this

Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

More Macroeconomics questions