What Is the Meaning of Following Term

question 27

Multiple Choice

What is the meaning of following term:
-Development

• A) Total market value of all goods and services produced within a country.
• B) The reduction of government involvement in economic activities and the increase in private influences on the economy.
• C) Encompasses growth and equity or human development.
• D) Favors both growth and conserving natural resources.
• E) Belief in values that include social harmony, adherence to a social hierarchy, obedience, loyalty, respect, strict morals, trust, and honesty.
• F) Calls for less private enterprise and a greater role for government in the economy.
• G) Total market value of all goods and services produced by citizens of a state regardless of where they are located.
• H) Gives the government a central role in economic development.
• I) Determines the price of goods and services.
• J) Quantitative increases in economic activities, including a larger economy and more money.
• K) Measures the quality of life people experience.
• L) A theory that opposes Marxism and draws upon African traditions of communalism and humanism.
• M) Stresses the relationships among three classes of countries.
• N) Items such as roads and bridges that aid in the effective use of resources.
• O) Stresses the dominance of economic determinants of history and the inevitability of class conflicts.
• P) Prevents the free exchange of goods and services.
• Q) Significant and measurable economic growth and the emergence of social, economic, and political institutions.
• R) The illegal use of an official position or title for personal gain.
• S) The maximum number of humans and animals a given area can support without creating irreversible destruction.
• T) Explains how countries achieve economic improvements.
• U) Stresses the role of European capitalism in creating economic groups of countries.
• V) Index concentrating on inequality between women and men.
• W) Stress cultural and environmental influences on development.
• X) A system of values, beliefs, and ideas.
• Y) Theory concerned with the relationship between output and costs.
• Z) Predicts how humans behave or how things work in the world under certain circumstances.

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Definitions:

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The process of bringing goods or services into a country from abroad for sale.

Tariff

A tax or duty to be paid on a particular class of imports or exports.

Consumer Ethnocentrism

The tendency to believe that it is inappropriate, indeed immoral, to purchase foreign-made products.