Tag: need for sustainable development

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Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Economic development is _____________ in nature.

  1. static

  2. multidimensional

  3. one-dimensional

  4. both A & C
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic development is considered multidimensional because it involves improvements in health, education, infrastructure, and social equity, rather than just an increase in economic output.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

'Redistribution with growth' is the slogan that defined economic development under the ___________ approach.

  1. traditional

  2. quantitative

  3. classical

  4. modern
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 'redistribution with growth' approach emerged as a modern critique of earlier models, emphasizing that growth must be accompanied by policies that ensure the benefits are shared across the population.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Economic development, under __________ approach, implies a sustained increase in real per capita income.

  1. quantitative

  2. modern

  3. traditional

  4. qualitative
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The traditional approach to economic development focuses primarily on quantitative metrics, specifically the growth of real per capita income. It contrasts with modern approaches that incorporate qualitative indicators like poverty and inequality.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Increased efficiency of inputs due to technology advancements provide the basis for __________ economic growth.

  1. sustained

  2. volatile

  3. intermittent

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sustained economic growth requires long-term increases in efficiency, which are typically driven by technological advancements. Volatile or intermittent growth suggests instability rather than the consistent improvement provided by technological progress.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Modern view of economic development presumed that the increase in per capita income would trickle down to the masses, thus, reducing income inequalities and poverty.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The modern view of development shifted away from the trickle-down theory, which was a hallmark of earlier, more traditional economic thinking. The modern view emphasizes direct interventions to reduce poverty and inequality rather than relying on income growth alone.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

The experience of many developing countries showed that the 'trickle down strategy' of economic development did not work.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Historical evidence from many developing nations in the mid-20th century demonstrated that growth in GDP did not automatically improve the living conditions of the poorest populations, rendering the trickle-down strategy ineffective.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Which view of economic development presumed that the increase in per capita income would trickle down to the masses, thus, reducing income inequalities and poverty?

  1. Modern view

  2. Classical view

  3. Traditional view

  4. Keynesian view
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The traditional view of economic development was heavily focused on the growth of national income and per capita income, operating under the assumption that this growth would eventually benefit all segments of society.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Traditional approach strictly defines economic development in terms of ____________.

  1. sustainable development

  2. economic indicators

  3. economic efficiency

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The traditional approach defines economic development narrowly, focusing on measurable economic indicators such as GDP or per capita income growth, rather than broader social or environmental outcomes.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Economic growth involves quantitative changes in output along with qualitative changes in the form of ______________.

  1. decreased social discrimination

  2. decreased gender discrimination

  3. higher efficiency of inputs

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Economic growth is primarily quantitative, but when discussing development, it is often accompanied by qualitative improvements, such as increased efficiency in the use of inputs and better resource allocation.

Multiple choice geography economic growth and development development and growth need for sustainable development economics of development

Economic growth and economic development are both entirely quantitative concepts.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic growth is a quantitative concept (increase in output), whereas economic development is a broader, multidimensional concept that includes qualitative changes in the standard of living and social structures.