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Commerce and Economic Development
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Commerce and Economic Development

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Questions and Answers

What is one of the key roles of commerce in economic development?

  • Promoting social welfare programs
  • Restricting international trade
  • Facilitating the exchange of goods and services (correct)
  • Controlling government policies

    • How does commerce contribute to job creation?

  • By promoting self-sufficiency
  • By stimulating demand for labor (correct)
  • By reducing workforce participation
  • By discouraging entrepreneurship

    • What effect does efficient commerce have on income levels?

  • It always results in income inequality
  • It has no impact on income distribution
  • It can lead to increased per capita income (correct)
  • It reduces overall national income

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