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Questions and Answers
What is the main aim of development as mentioned in the text?
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?
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?
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?
What does microeconomics primarily analyze in the economy?
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Which type of economics advocates 'what ought to be'?
Which type of economics advocates 'what ought to be'?
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In macroeconomics, what factors affecting the economy are analyzed?
In macroeconomics, what factors affecting the economy are analyzed?
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Where can economic analysis be applied throughout society?
Where can economic analysis be applied throughout society?
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What are the key elements analyzed in the system by macroeconomics?
What are the key elements analyzed in the system by macroeconomics?
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