Human Development Involves Changes in Size,efficiency,and Capacity That Can Be

question 11

Multiple Choice

Human development involves changes in size,efficiency,and capacity that can be described as ____________change,and shifts in forms of thought and behavior that can be described as ______________ changes.

• A)quantitative / qualitative
• B)qualitative / bidirectional
• C)growth / incremental
• D)qualitative / quantitative

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Definitions:

Interest

The charge for borrowing money or the return for lending money, expressed as a percentage of the loan amount.

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, reflecting the cost of borrowing or the reward for saving.

Normal Return

The minimum profit necessary to keep a factor of production in its current use, essentially the opportunity cost of using resources.

Investment

The allocation of resources, such as capital or time, into a venture with the expectation of generating future returns.