All of the Following Contributes to Economic Development Except

question 21

Multiple Choice

All of the following contributes to economic development except

• A) high saving and investment rates.
• B) low population growth rate.
• C) the existence of a socialist economic system to ensure that a country's output is fairly distributed.
• D) investment in infrastructure.

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Definitions:

Bond Employees

A bond for employees, often called fidelity bond, is an insurance policy that protects the employer against financial loss due to the fraudulent activities of an employee or group of employees.

Internal Control System

A set of policies and procedures put in place by a company to safeguard assets, ensure financial data accuracy, and promote operational efficiency.

Risk of Loss

The potential for an investment or venture to result in financial loss.

Human Error

Mistakes made by individuals, often leading to accidents or failures in tasks or operations.