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:

Shopping Cart

is a basket on wheels, provided by stores for use by customers while shopping or an online application that records a customer’s selections until they proceed to checkout.

Information Search

The process consumers use to gather relevant data and details about products or services before making a purchase decision.

Reasonable Decision

A choice made after careful consideration of facts and logical reasoning, often seen as sensible or practical.

Problem Recognition

The initial step in the decision-making process where individuals realize the difference between their current state and a desired state.