Which of the Following Is Correct

question 29

Multiple Choice

Which of the following is correct ?

• A) Economic development is more quantitative than economic growth.
• B) A country cannot achieve economic growth with a limited base of natural resources.
• C) Infrastructure is capital provided by the private sector.
• D) Economic development in LDCs is low because of many of them lack saving, infrastructure, and a political environment favorable to growth.

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Definitions:

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Absolute

A term indicating complete or total, often used to signify purity, unconditioned reality, or an unchangeable fact.

Competitive

Describes a situation where businesses or individuals contest against each other to achieve leadership, market share, or win over customers.