BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is true about MDCs (more-developed countries)?
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These countries are just entering world trade.
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Majority of their population stays in rural areas.
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These countries have high per capita income.
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These countries have little world trade involvement
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These countries have mainly agrarian economies.
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Explanation:
Detailed explanation-1: -MEDCs are also called developed or industrialized countries, or MDCs (more developed countries). The United Nations identifies the United States, Canada, Japan, Australia, New Zealand, and all the countries of Europe as MEDCs.
Detailed explanation-2: -A highly industrialized country that has high per capita incomes, low birth rates and death rates, low population growth rates, and high levels of industrialization and urbanization. Examples include the USA, Canada, Japan, and many countries in Europe.
Detailed explanation-3: -As a rule, countries classified as high income by World Bank correspond to those deemed developed countries by the United Nations.
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