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Development Economics Multiple Choice Quiz

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Development Economics Multiple Choice Quiz

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Questions and Answers

Which of the following is NOT correct?

Development economics does not mention about efficient allocation of scarce resources (correct)

Development economics is not the same as traditional economics

Development economics is applied for analyzing development issues in developing countries

Traditional economics deals with efficient allocation of scarce resources

Sustainable development emphasizes

The development speed of a country as compared to others

The hand-over of assets from one generation to the next (correct)

The current capacity of a country to grow

None of the above

Comparing WB and UNDP country classification, which of the following is NOT correct?

WB classifies countries basing on their per capita income

The WB's criterion for country classification is closer to development goals

UNDP classifies countries basing on their HDI

The UNDP's criterion for country classification is closer to development goals (correct)

The global income gap between the richest and the poorest has been

<p>Increasing</p> Signup and view all the answers

Fragmentation and agglomeration of production are directly facilitated by

<p>Free trade agreements</p> Signup and view all the answers

Study Notes

Sustainable Development

Sustainable development emphasizes the balance between economic growth, social equity, and environmental protection.

Country Classification

World Bank (WB) and United Nations Development Programme (UNDP) use different classification systems for countries.
There are discrepancies between WB and UNDP country classifications.

Global Income Gap

The global income gap between the richest and the poorest has been widening, not decreasing.
The income gap is a major challenge to global economic development and social stability.

Fragmentation and Agglomeration

Fragmentation and agglomeration of production are facilitated by reduced transportation costs and improved communication infrastructure.
This phenomenon has significant implications for international trade, economic growth, and competitiveness.

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Description

Test your knowledge of development economics with this multiple choice quiz. Circle the most appropriate answer for each question on topics such as traditional economics, development economics, and sustainable development.