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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)
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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?
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