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Questions and Answers
What is the focus of development economics?
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?
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?
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?
How do approaches in development economics differ from many other fields of economics?
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1.5
1.5
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