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.

---

Definitions:

Operating Results

The outcome of an entity's operational activities, typically reflected in its income statement.

Disclosure Standard

Refers to guidelines or regulations that dictate the information a company must make available to shareholders and the public to ensure transparency.

Measurement Standard

Principles and rules that determine the method and basis of measuring and presenting financial information and values in financial statements.

Operating Results

The financial outcomes derived from a company's regular, core business operations, excluding any extraordinary items or revenues from investments.