Question

The following are characteristics of the BRIC economies except:

A. Demand for higher priced goods is expected to continue to be low in the future

B. The BRIC economies share of world growth is expected to rise to about 40 percent by 2025

C. Per capita income in the BRIC countries is rising

D. Demand for basic goods will be strong

Answer 1

The correct answer is A. Demand for higher priced goods is expected to continue to be low in the future.

Step-by-step explanation:

The correct answer is A. Demand for higher priced goods is expected to continue to be low in the future. BRIC is an acronym that stands for Brazil, Russia, India, and China. These four countries are known for their fast-growing economies and emerging markets. While the other options are characteristics of the BRIC economies, the demand for higher priced goods is not expected to be low in the future. In fact, as the BRIC countries continue to develop and their populations become wealthier, the demand for higher priced goods is expected to increase.