Asked by Austin Parker on May 14, 2024
Verified
The bulk of exports from developed countries consists of:
A) manufactured goods.
B) education and technology.
C) agricultural products.
D) raw materials.
E) services like banking and insurance.
Developed Countries
Nations with advanced economic systems, high standards of living, and well-established infrastructure.
Manufactured Goods
Items that have been processed from raw materials into finished goods through human or machine effort.
Exports
Goods or services sent from one country to another for sale or trade.
- Analyze the link between the exploitation of natural resources and economic advancement.
- Assess the ramifications of cross-border trade and remittances for nations in development.
Verified Answer
MT
Marisia TuraganivaluMay 16, 2024
Final Answer :
A
Explanation :
Developed countries tend to have advanced manufacturing industries that produce high-value products, such as cars, electronics, and machinery. These products are often in high demand globally and account for the majority of export revenue for these countries. While education, technology, and services may also be important export sectors, they are typically not as significant as manufacturing. Agricultural products and raw materials may be important exports for some developed countries, but they tend to be a smaller part of the overall picture.
Learning Objectives
- Analyze the link between the exploitation of natural resources and economic advancement.
- Assess the ramifications of cross-border trade and remittances for nations in development.