In Sen's View, Development Is an Economic Process That Should

question 17

True/False

In Sen's view, development is an economic process that should be assessed primarily by material output measures such as GNI per capita.

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Definitions:

Semiskilled Labor

refers to work that requires some level of training or skills but is less complex and requires less education than skilled labor.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity supplied.

Demand Curves

Demand curves graphically represent the relationship between the price of a good and the quantity demanded by consumers.

Minimum Wage

is the lowest legal salary that employers can pay workers, set by government law to protect workers from unduly low pay.