Development Goals and Strategies Quiz
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Questions and Answers

What is the main aim of development as mentioned in the text?

  • To prioritize personal development over country's development
  • To update as per the demand of time (correct)
  • To focus solely on economic growth
  • To resist changes and maintain status quo

    • How is development defined in the text?

  • Purely as economic growth
  • Economic growth along with growth of basic needs (correct)
  • Only as personal development
  • As the maintenance of current state without change

    • What is an example of a development initiative mentioned in the text?

  • Preserving the current state of energy production
  • Promoting traditional farming methods
  • Ignoring the impact on nearby communities
  • Constructing a dam to generate electricity (correct)

    • What does microeconomics primarily analyze in the economy?

    <p>Individual agents and markets</p> Signup and view all the answers

    Which type of economics advocates 'what ought to be'?

    <p>Normative economics</p> Signup and view all the answers

    In macroeconomics, what factors affecting the economy are analyzed?

    <p>Employment, inflation, economic growth</p> Signup and view all the answers

    Where can economic analysis be applied throughout society?

    <p>Business, health care, engineering</p> Signup and view all the answers

    What are the key elements analyzed in the system by macroeconomics?

    <p>Production, consumption, saving, investment</p> Signup and view all the answers

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