The process of achieving a quality of life in a country that is comparable to that found in a modern economy is called ________.
A) economic development
B) economic modernization
C) comparative advantage
D) industrial growth
Question 2
In the current Post-Industrial economy, international trade in services (including banking and financial services)
A) dominates world trade.
B) does not exist.
C) is an increasingly important component of global trade.
D) is relatively stagnant.
E) far surpasses the predictions of economist Alan Blinder.