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Questions and Answers
Which of the following best describes economic development?
Which of the following best describes economic development?
- Improvement in productivity
- Only economic growth
- Increase in goods and services
- Total process including social, political, cultural, and spiritual aspects (correct)
What are some indicators of economic development?
What are some indicators of economic development?
- Increase in a country's wealth and standard of living
- Higher literacy rates and better public education
- Improved productivity
- All of the above (correct)
Who is credited with writing Kennedy's famous 'New Frontier' speech?
Who is credited with writing Kennedy's famous 'New Frontier' speech?
- American Economist
- World War II
- Office of Strategic Services
- Walt Whitman Rostow (correct)
Which stage of economic growth is characterized by an unyielding and static economy with limited technology and resistance to change?
Which stage of economic growth is characterized by an unyielding and static economy with limited technology and resistance to change?
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What are the preconditions for take off in economic growth?
What are the preconditions for take off in economic growth?
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