Increases in the Total Real Output of Any LDCs Do

question 162

Multiple Choice

Increases in the total real output of any LDCs do not increase the nation's standard of living because

• A)the proceeds must be used to repay foreign lenders.
• B)population increases may dissipate the increase in real output.
• C)disguised unemployment in agriculture will persist.
• D)surplus farm labor may move from rural areas to industrial areas and thereby cause unemployment.

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Definitions:

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the best option(s) through the benefits and costs.

Resource Extraction

The process of removing natural resources from the environment for human use.

Elephant Populations

The number and distribution of elephants in a given area, often studied in the context of conservation and ecological balance.

Property Rights

Legal rights to use, control, and derive benefit from a property, which include rights of ownership, use, and disposition.