Which of the Following Explains Development Economists' Beliefs That Modern

question 36

Multiple Choice

Which of the following explains development economists' beliefs that modern famines in Africa are not natural disasters,but are human-made?

• A) Famines are usually caused by scorched-earth tactics during wartime.
• B) Famines are caused by overpopulation and lack of resources.
• C) Famines usually result from government policies that ignore rural areas and inhibit the production or distribution of food.
• D) Famines are caused by lack of knowledge about agricultural techniques best suited to the African continent.

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Definitions:

ROI

Return on Investment, a measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.

Residual Income

Residual income is the income that exceeds the minimum rate of return or cost of capital, often used in performance measurement and executive compensation.

Operating Expenses

Costs associated with running a business's daily operations but not directly tied to production, including rent, utilities, and salaries.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.