The Two Paths to Economic Development, Which Are the Same

question 162

Multiple Choice

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

• A) use existing resources more efficiently and expand the available resources.
• B) expand the government sector and preserve all available resources.
• C) enhance regulation and taxation, and redistribute income to reduce income disparity.
• D) expand the money supply and eliminate budget deficits.

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Definitions:

Duress

A situation where a person performs an act as a result of violence, threat, or other pressure against the person.

Embezzlement

The dishonest act of taking funds or property for oneself that has been entrusted to care for, but is actually owned by another individual.

Monthly Payments

Regular payments made in a partitioned amount over a specified period, commonly associated with loans or leases.

Duress

Coercion or force exerted upon someone to compel them to act against their will or make a legal agreement under pressure.