Q: On average, growth in per capita income is associated with a______: Question 50 options: 1)…
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Which statements are TRUE?
11. Regardless of the process of development that a nation follows, complementarity of inputs is required.
12. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.
13. Urbanization, when centralized, leads to migration to and congestion of centers of development.
14. Underdevelopment is a point of equilibrium just as development is.
15. Pareto improvement is possible in situations where better Gini coefficient already exists.
16. In the process of development, pecuniary externalities can be totally avoided.
17. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries.
18. Improving hard and soft infrastructure increase investments and trade of a nation.
19. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector.
20. O- Ring Model posits that there are no small tasks in the development process of nations.
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- In Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?True or False 1. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 2. What a country has for its resources determines to a great extent its ability to influence the decision-making processes of another country. 3. As globalization disposes integration of national economies, countries must expand it into international markets. 4. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development. 5. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors.Which of the three objectives of development should you meet and apply from the given scenario? In recent Canadian survey found that two thirds of Ontarians feel that Muslim immigrants have fundamentally different values than themselves. a. Raise levels of living. b. Increase the availability and widen the distribution of basic-life sustaining goods c. Expand the range of economic and social choices.
- write on the role of complementarities in the process of economic development??? Give short answer but in points.International data show a positive correlation between income per person and the health of the population. a) explain how higher income might cause better health outcomes b) explain how better health outcomes might cause higher income. c) how might the relative importance of your two hypotheses be relevant for public policy.Which was a theory introduced by Adam Smith?Select one:a. Theory of Population.b. Theory of Market Gluts.c. Theory of Economic Development.d. Theory of Income Distribution. Which one was true about Hesiod's thought?Select one:a. Because of unlimited resources, choices had to be made between work and leisureb. Basic economic problem was limited resourcesc. Efficient management required effective leadershipd. Trade was an inferior way of acquiring wealth Which was not a true statement to refer to the economy environment before AD 1500?Select one:a. Strong national statesb. Self-sufficient economyc. Money and credit were not widely usedd. There was little trade Which was not one of the major tenets of the Classical School?Select one:a. Self-interested economic behavior.b. Economic analysis such as Theory of Rent.c. Total government involvement.d. Harmony of interests. Which was not one of the economic justices discussed by Aristotle?Select one:a. Retributive justiceb. Distributive…
- Which of the following terms is viewed by some economists as "contradictory"? Group of answer choices A. Strong sustainability B. Weak sustainability C. Natural Capital D. Sustainable GrowthWhat does poor infrastructure mean in economics? Explain thoroughly and provide examples.Carefully explain how the principles of sustainable development can be incorporated in anyeconomic sector of your choice in the Caribbean. What are the roadblocks (if any) tosustainability in your chosen economic sector? Ensure that you use real-world examples tosupport your views.
- This is not a writing assignment, this is a multiple-choice question Wheelan discusses why some economies are rich (or have been able to come out of poverty) while others are still poor. Question: Wheelan lists the conditions necessary for economic development. Which of the below is NOT a NECESSARY condition for economi development? Group of answer choices Responsible fiscal and monetary policy. Possession of large amounts of natural resources. Well-developed and plenty of human capital.Refute this statement with three reasons “The government should impede the pace of innovation, which is tearing apart the social fabric of the country. While some get rich from newfangled ideas, others watch bitterly as their livelihoods are destroyed. “Please answer all the following questions: True or false 1. Response to pandemic is economic and political but not socio cultural. 2. Demographic transition is a social economic cultural but not necessarily a scientific phenomenon. 3. To be in malthusian population trap means that the population growth rate stays above the growth rate of total income and vice versa. 4. A high fertility rate reduces the per capita income be it the gross national income per capita or the gross domestic product per capita. 5. urbanization and localized economies lead to resource immobility 6. the most relevant advantage of locating a firm in an industrial district is known spillover 7. centralized urbanization leads to underdeveloped peripheral economies