What conclusion can you draw about the level of economic development in countries with different specializations in a commodity chain?(1 point)

Responses

Primary sector specializations would earn the highest wages.
Primary sector specializations would earn the highest wages.

Tertiary sector specializations would earn the highest wages.
Tertiary sector specializations would earn the highest wages.

Quaternary sector specializations would earn the highest wages.
Quaternary sector specializations would earn the highest wages.

Secondary sector specializations would earn the highest wages.

1 answer

The conclusion that can be drawn about the level of economic development in countries with different specializations in a commodity chain is:

Quaternary sector specializations would earn the highest wages.

This is because the quaternary sector, which focuses on knowledge-based activities involving services such as research and development, financial services, education, and information technology, typically provides higher wages compared to the primary (extraction-based), secondary (manufacturing), and tertiary (service-based) sectors. Countries that are more developed tend to have a larger share of their economy in the quaternary sector, reflecting a higher level of economic development and innovation.