The Two Paths to Economic Development, Which Are the Same

question 29

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:

Asset Increase

A rise in the total value of a company's assets, which can result from additional investments, improved asset values, or acquisition of new assets.

Creditor

An individual or institution to which money is owed.

Expense

A financial outlay that is incurred through business operations or activities.

Equipment

Tangible, long-term assets used in the operations of a business, not intended for sale.