Human development defined as enhancing quality of life dimensions like sustenance and freedom________________?
Show answer Hide answer
Answer: C. Development
Explanation
Development is the broader idea: it covers rising incomes together with the other dimensions of living standards, such as sustenance, self-respect and freedom of choice. Economic growth measures only the increase in output or income. A country can grow without developing if the extra output never reaches most people.
- Subject
- Agriculture
- Category
- Agriculture
- Topic
- —
- Difficulty
- medium
Related questions
Q1. Urban demographic trends and growth in LDCs_________________?
Show answer Hide answer
Answer: C. 36 %
Demographic estimates place urban population growth in developing countries around 36%. Rapid rural-to-urban migration drives significant demographic shifts across low-income nations. Expanding urban centers present majo...
Q2. The nominal rate of exchange between two national currencies?
Show answer Hide answer
Answer: D. None of these
The rate at which one currency exchanges for another is the nominal exchange rate, making 'none of these' correct when specific terms like appreciation are listed. Exchange rate appreciation and depreciation describe dir...
Q3. Price discrimination charging disparate prices for identical standard goods___________________?
Show answer Hide answer
Answer: A. Prices discrimination
Price discrimination occurs when identical goods are sold to different buyers at varying prices. Sellers charge distinct prices based on willingness to pay rather than production cost differences. This economic strategy...
Q4. The utilization of resources belonging to an individual, firm, region, or country to generate one or a select few goods and services?
Show answer Hide answer
Answer: A. Specialization
Specialization involves concentrating resource use on producing a narrow range of goods and services. Individuals and nations focus on specific tasks where they possess a comparative advantage. This targeted focus increa...
Q5. The seminal treatise "The Wealth of Nations" was authored by_________________?
Show answer Hide answer
Answer: D. Adam Smith
Adam Smith authored the foundational economics treatise known widely as The Wealth of Nations. Published in seventeen seventy six, the book laid the groundwork for modern classical economic theory. Smith argued that self...
Q6. The value of merchandise sold by a firm minus the value of materials purchased and consumed to manufacture that merchandise ____________________?
Show answer Hide answer
Answer: A. Value added
Value added is calculated by subtracting intermediate material costs from total merchandise sales revenue. This metric isolates the actual economic contribution generated by a specific firm or production stage. It preven...