Sustainable Development Refers To

question 14

Multiple Choice

Sustainable Development refers to:

• A) If economic development brings a large degree of commercialization, some people will prefer self-determination to modernization.
• B) Indigenous peoples prefer to retain and protect their own languages and traditions, avoiding Westernization.
• C) Informal institutions such as social norms, that structure relationships between society and government.
• D) Development that conserves resources effectively to respect the needs of future generations so that society remains viable over the long run.

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Definitions:

Medium Of Exchange

A middleman device or framework that assists in facilitating transactions, including the selling, buying, or swapping of items, among participants.

Money Supply

The overall financial capital available in an economy at a particular moment.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for the loans they receive from the central bank's discount window.

Reserve Requirement

Regulations set by central banks determining the minimum amount of reserves each bank must hold as a proportion of its deposits.