SOCSCI 14.1S.2324.007.COMMON CHARACTERISTICS OF DEV COUNTRIES.PA

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Which sector is typically considered the backbone of the economy in many developing countries?

• Manufacturing
• Agriculture
• Services
• Mining

What term is used to describe the reliance on the production and export of raw materials and primary goods in developing countries?

• Industrialization
• Agricultural Dependency
• Primary Export Focus
• Resource Dependence

In developing countries, imperfect markets may be characterized by

• High levels of competition and innovation
• Well-defined and enforced regulatory frameworks
• Inadequate infrastructure leading to high transaction costs
• Efficient transportation and distribution systems

What is a common consequence of imperfect markets in developing countries?

• High levels of market efficiency
• Lower levels of innovation and competition
• Well-defined regulatory frameworks
• Stable and balanced economic growth

Developing countries may experience dominance, dependence, and vulnerability in which aspect of international relations?

• Political negotiations
• Economic interactions
• Cultural exchanges
• Military alliances