The term Fourth World has been coined to describe ?

Correct answer: D. countries that have fallen far behind the economic advances of the rest of the world

  • A. the newly industrialized countries like Korea, Taiwan Malaysia
  • B. The republics of the former Soviet Union
  • C. Countries that still have a communist government like China and Cuba
  • D. countries that have fallen far behind the economic advances of the rest of the world

Explanation

The Fourth World refers to countries or populations left far behind even the broader group of developing countries in economic and social progress. Newly industrialized countries and former Soviet republics belong to different classifications.

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