ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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These countries typically have simple, agriculture-based economies
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Developed countries
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Developing countries
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Of the major cereal and vegetable crops, the United States, China, India, and Russia are the top producers. The United States is the top exporter of agricultural products with $118.3 billion in exports as of 2019.
Detailed explanation-2: -1. China. China has 7% of the arable land and with that, they feed 22% of the world’s population.
Detailed explanation-3: -Developing countries have economies with a low GDP per person and rely on agriculture as their main industry. There is no single definition of a developing country.
Detailed explanation-4: -Developing countries with large populations usually practise intensive agriculture where crops are grown on small holdings mostly for subsistence.
There is 1 question to complete.