Which of the following is correct ?
A) Economic development is more quantitative than economic growth.
B) A country cannot achieve economic growth with a limited base of natural resources.
C) Infrastructure is capital provided by the private sector.
D) Economic development in LDCs is low because of many of them lack saving, infrastructure, and a political environment favorable to growth.

Question

Quizplus · Accepted Answer

Option D is the correct option as it correctly states the reasons for low economic development in LDCs - lack of savings, infrastructure, and a favorable political environment. Option A is incorrect because economic growth and economic development are not the same and cannot be compared as more or less quantitative. Option B is incorrect because a country can achieve economic growth with limited natural resources if it has other factors and resources to develop, such as human capital, technology, or a favorable trade environment. Option C is incorrect because infrastructure can be provided by both the public and private sectors, and it is not exclusively a product of private sector investment.

Which of the Following Is Correct