Development Economics Must Have a Scope Wider Than Traditional Economics

question 15

Multiple Choice

Development economics must have a scope wider than traditional economics because

• A)values and attitudes play little role in the pace of development.
• B)people in developing societies do less utility-maximizing.
• C)transformation of social institutions is necessary for development.
• D)all of the above.

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Definitions:

Ambulatory

A term pertaining to the ability of a will to be changed by a testator.

Bequest

The act of giving property or money to someone else after one's death through a will.

Devise

In law, a gift of real property by will.

Intestacy Statutes

Laws that determine how a person's property is distributed if they die without a valid will.