Which of the following nations is not classified as a transitional economy?

Multiple choice question for Global Economic Development. Select an option, then review the explanation below.

Explanation

China, Russia, and Hungary are considered transitional economies as they are shifting from centrally planned to market-oriented systems. Mexico, however, has a well-established market economy and is not classified as a transitional economy.

Practice related questions from the same subject.

1.Which of the following topics are considered essential in the field of development economics?
2.Among the following nations, where are the standards of material living most comparable to those in the United States?
3.Which area is considered the most economically disadvantaged region globally?
4.Identify the country that is not classified as a newly industrialized country (NIC) from the list below.
5.Which traits are commonly associated with developing nations?

Which of the following nations is not classified as a transitional economy?

Explanation

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