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Economic Growth Implies _______________, Whereas Economic Development Requires ____________

Question 40

Multiple Choice

Economic growth implies _______________, whereas economic development requires ____________.


A) qualitative changes in productive processes; quantitative changes in productive processes
B) outward shifts of the production possibilities curve over time; movement from a point inside a curve to a point on the production possibilities curve
C) widespread structural changes in the way people live; quantitative changes in productive processes
D) quantitative changes in productive processes; qualitative change in virtually every aspect of life

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