Podcast
Questions and Answers
Which of the following is a characteristic of economic growth?
Which of the following is a characteristic of economic growth?
- Rise in income inequality
- Decrease in unemployment rate
- Increase in real GDP (correct)
- Expansion of social welfare programs
What is the primary focus of development economics?
What is the primary focus of development economics?
- Minimizing government intervention in the economy
- Promoting international trade barriers
- Improving living standards and well-being (correct)
- Maximizing corporate profits
Which factor is considered a constraint to economic development in many developing countries?
Which factor is considered a constraint to economic development in many developing countries?
- Abundance of natural resources
- Equal income distribution
- High level of foreign direct investment
- Corruption and lack of good governance (correct)
Study Notes
Which of the following is a characteristic of economic growth? What is the primary focus of development economics? Which factor is considered a constraint to economic development in many developing countries?
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of economic growth and development with this quiz. Explore characteristics of economic growth, the primary focus of development economics, and factors that can constrain economic development in many developing countries.
