Which of the following is NOT one of the characteristics of …

JAMB Economics 2023 48 views

Which of the following is NOT one of the characteristics of developing countries?

  1. High capital formation ✓
  2. Low saving
  3. Mono- product economy
  4. High unemployment

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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