4.2.6.5 Factors that affect growth and development NOTES

What does microfinance primarily aim to promote?

• Large corporate investments

• International trade

• Government subsidies

• Entrepreneurship and job creation

Which policy is crucial for improving human capital and workforce productivity?

• Reduction of import tariffs

• Expansion of luxury real estate

• Investment in education and training

• Decrease in public health spending

What is the primary benefit of infrastructure development?

• Higher consumer goods prices

• Reduced production costs and increased efficiency

• Increased import duties

• Decreased urbanization

Which policy helps in maintaining a stable macroeconomic environment?

• Monetary policies that maintain low inflation and stable exchange rates

• Mandatory military service

• Increased luxury taxes

• Restrictions on internet access

What is the focus of agricultural policies that support small farmers?

• Focusing on large agribusinesses

• Promoting urban-only development

• Reducing agricultural output

• Stimulating rural development and economic growth

How do effective tax policies contribute to economic growth?

• By increasing government spending on military

• By discouraging investments and savings

• By promoting equitable distribution of resources

• By limiting exports and imports

What role does technology play in enhancing agricultural productivity?

• Decreasing the need for skilled labor

• Increasing crop yields and efficiency

• Reducing the market value of agricultural products

• Limiting access to international markets

Which policy is most effective in reducing unemployment?

• Increasing interest rates

• Decreasing educational funding

• Expanding public works and infrastructure projects

• Restricting immigration