Development Economics Overview
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Questions and Answers

What is the focus of development economics?

  • Minimizing government intervention in the economy
  • Maximizing profits for private companies
  • Focusing solely on economic growth
  • Promoting economic development and improving population potential (correct)
  • What are common topics in development economics?

  • Growth theory, poverty and inequality, human capital, and institutions (correct)
  • Environmental sustainability and conservation practices
  • Consumer behavior and advertising techniques
  • Stock market trends and investment strategies
  • What does development economics involve creating?

  • Monopolies in the market
  • Unpredictable economic conditions
  • Theories and methods to aid in policy determination (correct)
  • Barriers to trade and international cooperation
  • How do approaches in development economics differ from many other fields of economics?

    <p>They may incorporate social and political factors into planning</p> Signup and view all the answers

    1.5

    <p>The creation of theories and methods to aid policy determination</p> Signup and view all the answers

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