In Stage 1 of Rostow's Five-Stage Model of Economic Development

question 57

Multiple Choice

In Stage 1 of Rostow's five-stage model of economic development,

• A) the economy is primarily driven by the production of services.
• B) the most important industrial demand relates to natural resources extraction.
• C) infrastructure development is a primary requirement in the economy.
• D) manufacturing of both semidurable and nondurable consumer goods has begun.
• E) the focus is on low-cost manufacturing of a variety of consumer and some industrial goods.

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Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity, such as machine-hours or labor hours, influencing direct and indirect costs.

Guests

Individuals invited to partake or be present in an event, establishment, or locale.

Jeeps

A brand known for manufacturing rugged off-road and sports utility vehicles.

Patient-visits

A measure used in healthcare settings, representing the number of encounters between patients and healthcare providers.