Answered: True or False 1. The end of economic…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 9PA

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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.

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