Write True, if the statement is true and write False, if the statement is false. 1. Economic stability characterized by having more income is what defines development per se. 2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication. 3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met. 4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables. 5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 6. Subsistence economy is often referred to as “hand-to-mouth” existence. 7. Developing countries are also referred as less developed countries. 8. Traditionally, economic development is measured by quantitative measures of income and income distribution. 9. What a country has for its resources determines to a great extent its ability to influence the decision making processes of another country. 10. As globalization disposes integration of national economies, countries must expand it into international markets. 11. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development. 12. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors. 13. The values and attitudes of a country are determined by how it uses its income and other resources. 14. The Capability Approach in the study of economic development asserts that our state of being to a large extent determines that we may be capable of doing such that a well-nourished person could be capable of participating in his community. 15. Research appears to affirm that high levels of happiness and satisfaction may not necessarily be linked to high levels of income. 16. Sustenance as a core value of development need not be achieved first before self-esteem as a core value of development. 17. The integration of women in nation-building by expectation could have a great impact on development. 18. The goal of development economics is to strike an equilibrium in the chances of countries to achieve development relative to each other. 19. The Human Development Index proposed by the United Nations like health, life expectancy and education are measures of living levels. 20. The history of a country specifically its interactions with foreign colonial powers may to some extent determine its economic policies
TRUE OR FALSE.
Write True, if the statement is true and write False, if the statement is false.
1. Economic stability characterized by having more income is what defines development per se.
2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication.
3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met.
4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables.
5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits.
6. Subsistence economy is often referred to as “hand-to-mouth” existence.
7. Developing countries are also referred as less developed countries.
8. Traditionally, economic development is measured by quantitative measures of income and income distribution.
9. What a country has for its resources determines to a great extent its ability to influence the decision making processes of another country.
10. As globalization disposes integration of national economies, countries must expand it into international markets.
11. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development.
12. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors.
13. The values and attitudes of a country are determined by how it uses its income and other resources.
14. The Capability Approach in the study of economic development asserts that our state of being to a large extent determines that we may be capable of doing such that a well-nourished person could be capable of participating in his community.
15. Research appears to affirm that high levels of happiness and satisfaction may not necessarily be linked to high levels of income.
16. Sustenance as a core value of development need not be achieved first before self-esteem as a core value of development.
17. The integration of women in nation-building by expectation could have a great impact on development.
18. The goal of development economics is to strike an equilibrium in the chances of countries to achieve development relative to each other.
19. The Human Development Index proposed by the United Nations like health, life expectancy and education are measures of living levels.
20. The history of a country specifically its interactions with foreign colonial powers may to some extent determine its economic policies.
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