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- 1) Generally, a high GDP per Capita indicates a developed nation. a) Sometimesb) With exceptionsc) Trued) False 2) With the advent of globalization and the WTO operations, which of this ishappening or have happened? a) Free-Market Analysisb) Public-Choice Theoryc) Chenery Modeld) Neocolonial dependence modele) Market-Friendly ApproachDuring the last 20 to 30 years, there have been a number of countries whose econo- mies have experienced important economic expansion and development. One group of countries has been labeled the BRIC and the other the VISTA. Identify each of the nine countries and provide some insights about their economies and economic importance.Current trends in economic development are modeled from the 1st industrial revolution are heavily dependent on science and technology make environmentalism its centerpiece integrate social and technological approaches
- Sustainable development means Select one: O increases in per capita real GDP measured by its rate of change per year. Ob method of redistributing income to the poorest in society. Oc improvements in labour productivity which lead to greater economic growth and higher living standards. Od economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.Carefully explain how the principles of sustainable development can be incorporated in anyeconomic sector of your choice in the Caribbean. What are the roadblocks (if any) tosustainability in your chosen economic sector? Ensure that you use real-world examples tosupport your views.How can you apply the concepts of supply and demand in making decisions necessary for the attainment of national development?
- Which of the following is true about the economic development of an institutional environment? O Economies that are not highly developed but are growing rapidly are classified as developing economies. O Developing economies tend to have more effective capital markets than developed economies. O Developed economy countries have rapidly growing economies. O Developed economies tend to be larger than less-developed or emerging economies.1. How is development connected with the entrenchment of global and local hierarchies? 2. As a Filipino of the contemporary world, what do you think is the most viable way to minimize, if not eradicated, such structures that seem to pose large problems surrounding development?The emergence of Covid-19 should affect developing countries more adversely than technically advanced nations such as the United States. This statement is best described as a. a normative statement b. a theoretical statement c. a positive statement d. a microeconomics statement
- Explain the key elements of sustainable development under Philippine Agenda 21 1.) Poverty reduction 2.) Social Equity 3.) Empowerment and Good Governance 4.) Peace and Solidarity 5.) Ecological IntegrityTo usher in a new era of transformative change for a more sustainable, equitable, and greener world, governments and financial markets have begun to demand a stronger integration of the SDGs (Sustainable Development Goals) in public and private investment decisions. The global economy is encouraged to move towards a build back better or divest from the use of nonrenewable energy resources like fossil fuel. Can our country do this? How? Do we have the resources and capacity to move towards the use of renewable sources of energy?In 1950, when the world's population was 2.5 billion, it was unimaginable that the world could ever produce enough food to feed the present world population of 7.6 billion. Which of the following variables is key to having met this task (although far from perfectly)? Select one: a. political cooperation among developed and developing economies Ob. foreign aid O c. birth control O d. all of the above e. technological change in agricultural production s