#1
Which of the following is not a characteristic of economic development?
Increase in GDP per capita
Improvement in living standards
Decrease in unemployment rate
Rise in income inequality
#2
What is the primary goal of industrialization in economic development?
To decrease productivity
To increase dependency on imports
To diversify the economy
To reduce technological advancement
#3
Which of the following is a characteristic of a command economy?
Decentralized decision-making
Private ownership of resources
Centralized planning by the government
Free market competition
#4
Which of the following is not a characteristic of sustainable development?
Environmental conservation
Social equity
Economic growth at any cost
Inter-generational equity
#5
Which of the following is a characteristic of a market economy?
Centralized planning by the government
Private ownership of resources
Equal distribution of income
Limited consumer choice
#6
Which economic development strategy focuses on increasing exports and reducing imports?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#7
What is the primary goal of sustainable development?
Maximizing economic growth
Preserving environmental resources
Promoting social inequality
Exploiting natural resources
#8
Which economist introduced the concept of 'Human Development Index' (HDI)?
Adam Smith
John Maynard Keynes
Amartya Sen
Milton Friedman
#9
Which of the following is an example of a fiscal policy tool?
Interest rates
Money supply
Government spending
Exchange rates
#10
What is the 'Tragedy of the Commons' in the context of economic development?
Overexploitation of common resources
Efficient allocation of resources
Effective privatization of resources
Underutilization of resources
#11
Which economic development strategy focuses on attracting foreign companies to invest in domestic industries?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#12
Which of the following is a characteristic of a mixed economy?
Government owns all means of production
Private sector controls all economic activities
Market forces determine all prices
Government and private sector both play a role in economic activities
#13
Which of the following is not a component of the 'Human Development Index' (HDI)?
Life expectancy
Gross national income per capita
Education index
Unemployment rate
#14
Which of the following is not a factor affecting economic development?
Political stability
Access to natural resources
Population density
Cultural values
#15
Which of the following is not a component of the 'Business Cycle'?
Expansion
Recession
Trough
Stagnation
#16
Which of the following is not a factor contributing to income inequality?
Education level
Taxation policies
Access to healthcare
Equal distribution of resources