CH 3.2 Economic Development
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Questions and Answers

What is economic development primarily concerned with?

  • Boosting education and healthcare only
  • Improving the standard of living of a society (correct)
  • Encouraging entrepreneurship alone
  • Increasing an economy's output

    • Which of the following strategies is NOT a method for development?

  • Reducing population growth (correct)
  • Resource Improvement
  • Promoting Entrepreneurship
  • Labor Quality

    • What is a common characteristic of developing countries?

  • Low population growth
  • High dependence on industry
  • High life expectancy
  • Low standard of living (correct)

    • What is the primary focus of capital investment for development?

    <p>Both directly productive assets and indirectly productive infrastructure</p> Signup and view all the answers

    What does the Human Development Index (HDI) measure?

    <p>Life expectancy, education, and GDP per capita</p> Signup and view all the answers

    Why do developing countries often have low productivity?

    <p>Due to outdated technology, insufficient capital, and under-skilled labor</p> Signup and view all the answers

    What is a consequence of high population growth in developing countries?

    <p>Social challenges</p> Signup and view all the answers

    What is a characteristic of developing countries' economies?

    <p>Dependence on agriculture</p> Signup and view all the answers

    What is the main goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?

    <p>To stabilize the economy and promote growth and redistribution</p> Signup and view all the answers

    What characterizes Indigenous Knowledge Systems (IKS)?

    <p>Local and culture-specific, experiential, and dynamic</p> Signup and view all the answers

    What is the definition of poverty according to the World Bank?

    <p>The inability to attain a minimum standard of living</p> Signup and view all the answers

    What is the primary objective of the Millennium Development Goals?

    <p>To eradicate extreme poverty and hunger</p> Signup and view all the answers

    What is the main focus of the Reconstruction and Development Programme (RDP)?

    <p>To restructure the economy to enable sustainable development</p> Signup and view all the answers

    What is the purpose of knowledge centers established in South Africa since 1994?

    <p>To preserve Indigenous Knowledge Systems (IKS)</p> Signup and view all the answers

    What is the poverty line income used for?

    <p>To indicate the minimum income needed to cover basic needs</p> Signup and view all the answers

    What is one of the causes of poverty mentioned in the text?

    <p>Lack of education</p> Signup and view all the answers

    What is one of the effects of poverty mentioned in the text?

    <p>Social unrest</p> Signup and view all the answers

    What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>To rectify shortcomings of previous policies and boost economic growth</p> Signup and view all the answers

    What is the key difference between economic growth and economic development?

    <p>Economic growth focuses on increasing output, while economic development focuses on improving the standard of living.</p> Signup and view all the answers

    Which of the following strategies is most likely to add value to raw products in a developing country?

    <p>Enhancing the quality and value of natural resources through beneficiation processes</p> Signup and view all the answers

    What is a common consequence of a low standard of living in developing countries?

    <p>High population growth</p> Signup and view all the answers

    Why is promoting entrepreneurship important for economic development?

    <p>It creates jobs and diversifies goods and services</p> Signup and view all the answers

    What is the primary purpose of the Human Development Index (HDI)?

    <p>To measure a country's development through factors like life expectancy, education, and GDP per capita</p> Signup and view all the answers

    What is a common characteristic of developing countries' economies?

    <p>Reliance on primary sector outputs</p> Signup and view all the answers

    What is the main goal of capital investment in economic development?

    <p>To invest in both directly productive assets and indirectly productive infrastructure</p> Signup and view all the answers

    Why is investing in labor quality important for economic development?

    <p>It boosts education, particularly in crucial areas like math and science, and improves healthcare and worker motivation</p> Signup and view all the answers

    Which stage of development is characterized by high mass consumption?

    <p>High mass consumption</p> Signup and view all the answers

    What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?

    <p>To restructure the economy for sustainable development</p> Signup and view all the answers

    What is the significance of Indigenous Knowledge Systems (IKS) in South Africa?

    <p>It is a valuable cultural heritage for addressing local health care needs</p> Signup and view all the answers

    What is the difference between absolute and relative poverty?

    <p>Absolute poverty involves the lack of basic human needs, while relative poverty is a comparative lack within society</p> Signup and view all the answers

    What is the purpose of the poverty line income?

    <p>To indicate the minimum income needed to cover basic needs</p> Signup and view all the answers

    What is a common cause of poverty mentioned in the text?

    <p>Lack of education</p> Signup and view all the answers

    What is a common effect of poverty mentioned in the text?

    <p>Social unrest</p> Signup and view all the answers

    What is the purpose of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>To rectify shortcomings of previous policies and boost economic growth</p> Signup and view all the answers

    What is the characteristic of Indigenous Knowledge Systems (IKS) that is gained through direct experience?

    <p>Experiential</p> Signup and view all the answers

    What is the global goal that South Africa aligns with to address issues like poverty, education, and health?

    <p>Millennium Development Goals (MDG)</p> Signup and view all the answers

    Which of the following is NOT a key aspect of economic development?

    <p>Increasing an economy's output</p> Signup and view all the answers

    What is the primary aim of resource improvement as a strategy for development?

    <p>To add value to raw products through beneficiation processes</p> Signup and view all the answers

    What is a common characteristic of developing countries that hinders economic development?

    <p>Inadequate infrastructure</p> Signup and view all the answers

    What is the primary focus of promoting entrepreneurship as a strategy for development?

    <p>To create jobs and diversify goods and services</p> Signup and view all the answers

    Why is improving labor quality important for economic development?

    <p>To improve healthcare and worker motivation</p> Signup and view all the answers

    What is the Human Development Index (HDI) used to measure?

    <p>A country's development through factors like life expectancy, education, and GDP per capita</p> Signup and view all the answers

    Why do developing countries often have low productivity?

    <p>Due to outdated technology, insufficient capital, and under-skilled labor</p> Signup and view all the answers

    What is a key difference between economic growth and economic development?

    <p>Economic growth involves increasing an economy's output, while economic development involves improving the standard of living</p> Signup and view all the answers

    Which strategy for economic development focuses on revamping the economy to enable sustainable development?

    <p>Reconstruction and Development Programme (RDP)</p> Signup and view all the answers

    What is the primary goal of social welfare grants in South Africa's poverty alleviation efforts?

    <p>Provide basic needs like healthcare and education</p> Signup and view all the answers

    What is the common characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?

    <p>Rooted in specific communities and traditions</p> Signup and view all the answers

    Which stage of economic development is characterized by high mass consumption?

    <p>High mass consumption society</p> Signup and view all the answers

    What is the primary objective of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?

    <p>Stabilize the economy and promote growth and redistribution</p> Signup and view all the answers

    What is the difference between absolute and relative poverty?

    <p>Absolute poverty involves the lack of basic human needs, while relative poverty is a comparative lack within society</p> Signup and view all the answers

    What is the purpose of the poverty gap index in measuring poverty?

    <p>To reflect the intensity of poverty by calculating the average shortfall from the poverty line</p> Signup and view all the answers

    What is the primary focus of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>Addressing the shortcomings of previous policies</p> Signup and view all the answers

    What is the significance of preserving Indigenous Knowledge Systems (IKS) in South Africa?

    <p>To recognize the value of traditional knowledge in local healthcare needs, agricultural practices, and environmental management</p> Signup and view all the answers

    Which of the following is a consequence of poverty mentioned in the text?

    <p>Social unrest and crime rates</p> Signup and view all the answers

    What is the primary focus of the Millennium Development Goals?

    <p>Eradicating extreme poverty and hunger</p> Signup and view all the answers

    What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?

    <p>Restructuring the economy to enable sustainable development</p> Signup and view all the answers

    What is the characteristic of Indigenous Knowledge Systems (IKS) that is continuously evolving?

    <p>Dynamic</p> Signup and view all the answers

    What is the primary aim of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>Rectifying shortcomings of previous policies and boosting economic growth</p> Signup and view all the answers

    What is the main goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?

    <p>Stabilizing the economy and promoting growth and redistribution</p> Signup and view all the answers

    What is a key aspect of economic development?

    <p>Modernization of agriculture</p> Signup and view all the answers

    What is the primary focus of social welfare grants in South Africa's poverty alleviation efforts?

    <p>Providing basic needs like food, healthcare, and education</p> Signup and view all the answers

    What is the primary characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?

    <p>Local and culture-specific</p> Signup and view all the answers

    What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?

    <p>Restructuring the economy to enable sustainable development</p> Signup and view all the answers

    What is the primary goal of the Millennium Development Goals?

    <p>Eradicating extreme poverty and hunger</p> Signup and view all the answers

    What is the primary focus of economic development?

    <p>Improving the standard of living of a society</p> Signup and view all the answers

    Which strategy is likely to add value to raw products?

    <p>Resource Improvement</p> Signup and view all the answers

    What is a common characteristic of developing countries?

    <p>High population growth</p> Signup and view all the answers

    What is the purpose of the Human Development Index (HDI)?

    <p>To measure a country's development</p> Signup and view all the answers

    What is the primary goal of promoting entrepreneurship?

    <p>To diversify goods and services</p> Signup and view all the answers

    What is the result of low labor quality?

    <p>Low productivity</p> Signup and view all the answers

    What is the primary focus of capital investment?

    <p>Investing in directly productive assets</p> Signup and view all the answers

    What is a characteristic of developing countries' economies?

    <p>Low productivity</p> Signup and view all the answers

    What is the primary goal of resource improvement?

    <p>To add value to raw products</p> Signup and view all the answers

    Why is labor quality important for economic development?

    <p>To increase productivity</p> Signup and view all the answers

    What is the primary goal of economic development?

    <p>To improve the standard of living of a society</p> Signup and view all the answers

    Which strategy for development focuses on adding value to raw products?

    <p>Resource Improvement</p> Signup and view all the answers

    What is a common characteristic of developing countries' economies?

    <p>Reliance on primary sector outputs</p> Signup and view all the answers

    What is the significance of the Human Development Index (HDI)?

    <p>Measures life expectancy, education, and GDP per capita</p> Signup and view all the answers

    Why is promoting entrepreneurship important for economic development?

    <p>It creates jobs and diversifies goods and services</p> Signup and view all the answers

    What is a common consequence of high population growth in developing countries?

    <p>Exacerbating economic and social challenges</p> Signup and view all the answers

    What is the primary focus of capital investment in economic development?

    <p>Investing in both directly productive assets and indirectly productive infrastructure</p> Signup and view all the answers

    What is the significance of improving labor quality in economic development?

    <p>It boosts education and healthcare</p> Signup and view all the answers

    What is the primary goal of resource improvement in economic development?

    <p>To enhance the quality and value of natural resources</p> Signup and view all the answers

    What is the characteristic of developing countries that hinders economic development?

    <p>Low productivity</p> Signup and view all the answers

    What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?

    <p>To target restructuring the economy to enable sustainable development</p> Signup and view all the answers

    What is a key characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?

    <p>They are rooted in specific communities and traditions</p> Signup and view all the answers

    What is the primary objective of the Millennium Development Goals (MDG)?

    <p>To eradicate extreme poverty and hunger</p> Signup and view all the answers

    What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>To rectify shortcomings of previous policies and boost economic growth</p> Signup and view all the answers

    What is a common cause of poverty mentioned in the text?

    <p>Lack of education</p> Signup and view all the answers

    What is a common effect of poverty mentioned in the text?

    <p>Social unrest</p> Signup and view all the answers

    What is the primary focus of economic development?

    <p>Transitioning through various stages from a traditional society to one characterized by high mass consumption</p> Signup and view all the answers

    What is the characteristic of Indigenous Knowledge Systems (IKS) that is gained through direct experience?

    <p>Experiential</p> Signup and view all the answers

    What is the primary goal of social welfare grants in South Africa's poverty alleviation efforts?

    <p>To provide basic human needs like water, food, healthcare, education, clothing, and shelter</p> Signup and view all the answers

    Which stage of development is characterized by high mass consumption?

    <p>High mass consumption society</p> Signup and view all the answers

    What is the primary distinction between economic growth and economic development?

    <p>Economic growth involves increases in output, whereas economic development encompasses broader improvements in living standards.</p> Signup and view all the answers

    Which strategy for development is most likely to increase the value of natural resources?

    <p>Resource improvement through beneficiation processes</p> Signup and view all the answers

    What is a key difference between Industrialization and Urbanization as strategies for economic development?

    <p>One focuses on growth of industries while the other focuses on growth of cities</p> Signup and view all the answers

    What is the primary objective of the Reconstruction and Development Programme (RDP) in South Africa?

    <p>To target restructuring the economy to enable sustainable development</p> Signup and view all the answers

    What is a characteristic of many developing countries' economies?

    <p>Reliance on primary sector outputs</p> Signup and view all the answers

    What is the characteristic of Indigenous Knowledge Systems (IKS) that is continuously evolving?

    <p>Dynamic</p> Signup and view all the answers

    What is a common consequence of high population growth in developing countries?

    <p>Exacerbated economic and social challenges</p> Signup and view all the answers

    What is the primary purpose of the Human Development Index (HDI)?

    <p>To evaluate a country's development through life expectancy, education, and GDP per capita</p> Signup and view all the answers

    What is the primary goal of the Millennium Development Goals (MDG) that South Africa aligns with?

    <p>To eradicate extreme poverty and hunger by 2015</p> Signup and view all the answers

    What is the primary benefit of promoting entrepreneurship in developing countries?

    <p>Job creation and diversification of goods and services</p> Signup and view all the answers

    What is the primary objective of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?

    <p>To rectify shortcomings of previous policies and boost economic growth</p> Signup and view all the answers

    What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?

    <p>To stabilize the economy and promote growth and redistribution</p> Signup and view all the answers

    What is a key reason why developing countries often have low productivity?

    <p>Outdated technology</p> Signup and view all the answers

    What is the primary goal of capital investment in economic development?

    <p>To stimulate economic growth through investment in productive assets</p> Signup and view all the answers

    What is the primary objective of social welfare grants in South Africa's poverty alleviation efforts?

    <p>To provide financial support to the poor and vulnerable</p> Signup and view all the answers

    What is a common characteristic of developing countries' infrastructure?

    <p>Inadequate and underdeveloped</p> Signup and view all the answers

    What is the characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?

    <p>Local and culture-specific</p> Signup and view all the answers

    What is a key difference between labor quality improvement and resource improvement?

    <p>Labor quality improvement focuses on human capital, while resource improvement focuses on natural resources.</p> Signup and view all the answers

    What is the primary objective of Urbanization as a strategy for economic development?

    <p>To improve infrastructure and develop cities</p> Signup and view all the answers

    What is the primary objective of the Reconstruction and Development Programme (RDP) in terms of poverty alleviation?

    <p>To address the root causes of poverty</p> Signup and view all the answers

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