114 Questions
What is economic development primarily concerned with?
Improving the standard of living of a society
Which of the following strategies is NOT a method for development?
Reducing population growth
What is a common characteristic of developing countries?
Low standard of living
What is the primary focus of capital investment for development?
Both directly productive assets and indirectly productive infrastructure
What does the Human Development Index (HDI) measure?
Life expectancy, education, and GDP per capita
Why do developing countries often have low productivity?
Due to outdated technology, insufficient capital, and under-skilled labor
What is a consequence of high population growth in developing countries?
Social challenges
What is a characteristic of developing countries' economies?
Dependence on agriculture
What is the main goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
To stabilize the economy and promote growth and redistribution
What characterizes Indigenous Knowledge Systems (IKS)?
Local and culture-specific, experiential, and dynamic
What is the definition of poverty according to the World Bank?
The inability to attain a minimum standard of living
What is the primary objective of the Millennium Development Goals?
To eradicate extreme poverty and hunger
What is the main focus of the Reconstruction and Development Programme (RDP)?
To restructure the economy to enable sustainable development
What is the purpose of knowledge centers established in South Africa since 1994?
To preserve Indigenous Knowledge Systems (IKS)
What is the poverty line income used for?
To indicate the minimum income needed to cover basic needs
What is one of the causes of poverty mentioned in the text?
Lack of education
What is one of the effects of poverty mentioned in the text?
Social unrest
What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
To rectify shortcomings of previous policies and boost economic growth
What is the key difference between economic growth and economic development?
Economic growth focuses on increasing output, while economic development focuses on improving the standard of living.
Which of the following strategies is most likely to add value to raw products in a developing country?
Enhancing the quality and value of natural resources through beneficiation processes
What is a common consequence of a low standard of living in developing countries?
High population growth
Why is promoting entrepreneurship important for economic development?
It creates jobs and diversifies goods and services
What is the primary purpose of the Human Development Index (HDI)?
To measure a country's development through factors like life expectancy, education, and GDP per capita
What is a common characteristic of developing countries' economies?
Reliance on primary sector outputs
What is the main goal of capital investment in economic development?
To invest in both directly productive assets and indirectly productive infrastructure
Why is investing in labor quality important for economic development?
It boosts education, particularly in crucial areas like math and science, and improves healthcare and worker motivation
Which stage of development is characterized by high mass consumption?
High mass consumption
What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?
To restructure the economy for sustainable development
What is the significance of Indigenous Knowledge Systems (IKS) in South Africa?
It is a valuable cultural heritage for addressing local health care needs
What is the difference between absolute and relative poverty?
Absolute poverty involves the lack of basic human needs, while relative poverty is a comparative lack within society
What is the purpose of the poverty line income?
To indicate the minimum income needed to cover basic needs
What is a common cause of poverty mentioned in the text?
Lack of education
What is a common effect of poverty mentioned in the text?
Social unrest
What is the purpose of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
To rectify shortcomings of previous policies and boost economic growth
What is the characteristic of Indigenous Knowledge Systems (IKS) that is gained through direct experience?
Experiential
What is the global goal that South Africa aligns with to address issues like poverty, education, and health?
Millennium Development Goals (MDG)
Which of the following is NOT a key aspect of economic development?
Increasing an economy's output
What is the primary aim of resource improvement as a strategy for development?
To add value to raw products through beneficiation processes
What is a common characteristic of developing countries that hinders economic development?
Inadequate infrastructure
What is the primary focus of promoting entrepreneurship as a strategy for development?
To create jobs and diversify goods and services
Why is improving labor quality important for economic development?
To improve healthcare and worker motivation
What is the Human Development Index (HDI) used to measure?
A country's development through factors like life expectancy, education, and GDP per capita
Why do developing countries often have low productivity?
Due to outdated technology, insufficient capital, and under-skilled labor
What is a key difference between economic growth and economic development?
Economic growth involves increasing an economy's output, while economic development involves improving the standard of living
Which strategy for economic development focuses on revamping the economy to enable sustainable development?
Reconstruction and Development Programme (RDP)
What is the primary goal of social welfare grants in South Africa's poverty alleviation efforts?
Provide basic needs like healthcare and education
What is the common characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?
Rooted in specific communities and traditions
Which stage of economic development is characterized by high mass consumption?
High mass consumption society
What is the primary objective of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
Stabilize the economy and promote growth and redistribution
What is the difference between absolute and relative poverty?
Absolute poverty involves the lack of basic human needs, while relative poverty is a comparative lack within society
What is the purpose of the poverty gap index in measuring poverty?
To reflect the intensity of poverty by calculating the average shortfall from the poverty line
What is the primary focus of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
Addressing the shortcomings of previous policies
What is the significance of preserving Indigenous Knowledge Systems (IKS) in South Africa?
To recognize the value of traditional knowledge in local healthcare needs, agricultural practices, and environmental management
Which of the following is a consequence of poverty mentioned in the text?
Social unrest and crime rates
What is the primary focus of the Millennium Development Goals?
Eradicating extreme poverty and hunger
What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?
Restructuring the economy to enable sustainable development
What is the characteristic of Indigenous Knowledge Systems (IKS) that is continuously evolving?
Dynamic
What is the primary aim of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
Rectifying shortcomings of previous policies and boosting economic growth
What is the main goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
Stabilizing the economy and promoting growth and redistribution
What is a key aspect of economic development?
Modernization of agriculture
What is the primary focus of social welfare grants in South Africa's poverty alleviation efforts?
Providing basic needs like food, healthcare, and education
What is the primary characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?
Local and culture-specific
What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?
Restructuring the economy to enable sustainable development
What is the primary goal of the Millennium Development Goals?
Eradicating extreme poverty and hunger
What is the primary focus of economic development?
Improving the standard of living of a society
Which strategy is likely to add value to raw products?
Resource Improvement
What is a common characteristic of developing countries?
High population growth
What is the purpose of the Human Development Index (HDI)?
To measure a country's development
What is the primary goal of promoting entrepreneurship?
To diversify goods and services
What is the result of low labor quality?
Low productivity
What is the primary focus of capital investment?
Investing in directly productive assets
What is a characteristic of developing countries' economies?
Low productivity
What is the primary goal of resource improvement?
To add value to raw products
Why is labor quality important for economic development?
To increase productivity
What is the primary goal of economic development?
To improve the standard of living of a society
Which strategy for development focuses on adding value to raw products?
Resource Improvement
What is a common characteristic of developing countries' economies?
Reliance on primary sector outputs
What is the significance of the Human Development Index (HDI)?
Measures life expectancy, education, and GDP per capita
Why is promoting entrepreneurship important for economic development?
It creates jobs and diversifies goods and services
What is a common consequence of high population growth in developing countries?
Exacerbating economic and social challenges
What is the primary focus of capital investment in economic development?
Investing in both directly productive assets and indirectly productive infrastructure
What is the significance of improving labor quality in economic development?
It boosts education and healthcare
What is the primary goal of resource improvement in economic development?
To enhance the quality and value of natural resources
What is the characteristic of developing countries that hinders economic development?
Low productivity
What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?
To target restructuring the economy to enable sustainable development
What is a key characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?
They are rooted in specific communities and traditions
What is the primary objective of the Millennium Development Goals (MDG)?
To eradicate extreme poverty and hunger
What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
To rectify shortcomings of previous policies and boost economic growth
What is a common cause of poverty mentioned in the text?
Lack of education
What is a common effect of poverty mentioned in the text?
Social unrest
What is the primary focus of economic development?
Transitioning through various stages from a traditional society to one characterized by high mass consumption
What is the characteristic of Indigenous Knowledge Systems (IKS) that is gained through direct experience?
Experiential
What is the primary goal of social welfare grants in South Africa's poverty alleviation efforts?
To provide basic human needs like water, food, healthcare, education, clothing, and shelter
Which stage of development is characterized by high mass consumption?
High mass consumption society
What is the primary distinction between economic growth and economic development?
Economic growth involves increases in output, whereas economic development encompasses broader improvements in living standards.
Which strategy for development is most likely to increase the value of natural resources?
Resource improvement through beneficiation processes
What is a key difference between Industrialization and Urbanization as strategies for economic development?
One focuses on growth of industries while the other focuses on growth of cities
What is the primary objective of the Reconstruction and Development Programme (RDP) in South Africa?
To target restructuring the economy to enable sustainable development
What is a characteristic of many developing countries' economies?
Reliance on primary sector outputs
What is the characteristic of Indigenous Knowledge Systems (IKS) that is continuously evolving?
Dynamic
What is a common consequence of high population growth in developing countries?
Exacerbated economic and social challenges
What is the primary purpose of the Human Development Index (HDI)?
To evaluate a country's development through life expectancy, education, and GDP per capita
What is the primary goal of the Millennium Development Goals (MDG) that South Africa aligns with?
To eradicate extreme poverty and hunger by 2015
What is the primary benefit of promoting entrepreneurship in developing countries?
Job creation and diversification of goods and services
What is the primary objective of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
To rectify shortcomings of previous policies and boost economic growth
What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
To stabilize the economy and promote growth and redistribution
What is a key reason why developing countries often have low productivity?
Outdated technology
What is the primary goal of capital investment in economic development?
To stimulate economic growth through investment in productive assets
What is the primary objective of social welfare grants in South Africa's poverty alleviation efforts?
To provide financial support to the poor and vulnerable
What is a common characteristic of developing countries' infrastructure?
Inadequate and underdeveloped
What is the characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for local healthcare needs?
Local and culture-specific
What is a key difference between labor quality improvement and resource improvement?
Labor quality improvement focuses on human capital, while resource improvement focuses on natural resources.
What is the primary objective of Urbanization as a strategy for economic development?
To improve infrastructure and develop cities
What is the primary objective of the Reconstruction and Development Programme (RDP) in terms of poverty alleviation?
To address the root causes of poverty
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