TRUE OR FALSE. Development is experienced in quantitative and qualitative terms. A Assessing state of poverty among nations requires the use of common bases of measurement. The presence of savings and the absence of international debt of a nation are indicative of its high economic development. High rural to urban migration is indicative of unequal distribution of opportunities and wealth in a country. The analysis of the economic development process of a nation is devoid of political context. It is impossible for developed country to experience recession. The government’s role in development is primarily the imposition of taxes and spending these taxes for their constituents. The development process of a country must be worked within the context of its social system. Resolving problems in an economy comes first before achieving development. Development as a goal and as a process is universal.
TRUE OR FALSE. Development is experienced in quantitative and qualitative terms. A Assessing state of poverty among nations requires the use of common bases of measurement. The presence of savings and the absence of international debt of a nation are indicative of its high economic development. High rural to urban migration is indicative of unequal distribution of opportunities and wealth in a country. The analysis of the economic development process of a nation is devoid of political context. It is impossible for developed country to experience recession. The government’s role in development is primarily the imposition of taxes and spending these taxes for their constituents. The development process of a country must be worked within the context of its social system. Resolving problems in an economy comes first before achieving development. Development as a goal and as a process is universal.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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TRUE OR FALSE.
- Development is experienced in quantitative and qualitative terms. A
- Assessing state of poverty among nations requires the use of common bases of measurement.
- The presence of savings and the absence of international debt of a nation are indicative of its high economic development.
- High rural to urban migration is indicative of unequal distribution of opportunities and wealth in a country.
- The analysis of the economic development process of a nation is devoid of political context.
- It is impossible for developed country to experience recession.
- The government’s role in development is primarily the imposition of taxes and spending these taxes for their constituents.
- The development process of a country must be worked within the context of its social system.
- Resolving problems in an economy comes first before achieving development.
- Development as a goal and as a process is universal.
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