A primary requirement for development is _____
A) government control over the production of essential consumer products.
B) government control over the distribution of natural resources.
C) high confidence in foreign currency.
D) a low and predictable inflation rate that encourages saving.
E) the ability to print money to finance a large proportion of public outlays.

Question

Quizplus · Accepted Answer

A low and predictable inflation rate that encourages saving is a primary requirement for development because it ensures that people can save and invest their money without the worry of losing its value. This creates a stable economic environment that is conducive to economic growth and development.

A Primary Requirement for Development Is _____