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Questions and Answers
What is the focus of development economics?
What is the focus of development economics?
- Promoting economic development, growth, and improving living conditions (correct)
- Maximizing profits for multinational corporations
- Implementing trade barriers to protect domestic industries
- Encouraging brain drain from low- and middle-income countries
What are common topics in development economics?
What are common topics in development economics?
- Stock market trends, cryptocurrency, and hedge funds
- Growth theory, poverty and inequality, human capital, and institutions (correct)
- Luxury goods consumption and high-end real estate markets
- Corporate tax evasion and offshore banking
How do approaches in development economics differ from other fields of economics?
How do approaches in development economics differ from other fields of economics?
- They focus solely on individual consumer behavior
- They prioritize short-term gains over long-term sustainability
- They ignore the impact of government policies on economic development
- They may incorporate social and political factors to devise particular plans (correct)
What does development economics involve the creation of?
What does development economics involve the creation of?
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How does development economics differ from many other fields of economics in terms of consensus?
How does development economics differ from many other fields of economics in terms of consensus?
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