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Worksheets4.2.6.5 4.2.6.5 Barriers to growth and development NOTES
Total questions: 10
Worksheet time: 5mins
What does corruption in the context of economic growth refer to?
Community development initiatives
Private sector investment strategies
Government spending on public welfare
The misuse of public office for personal gain
How does corruption impact economic growth?
It promotes fair trade and competition
It distorts the allocation of resources
It enhances public trust in institutions
It simplifies investment procedures
Which strategy is effective in mitigating corruption?
Decreasing public sector wages
Limiting access to public services
Reducing transparency in transactions
Strengthening institutional frameworks
What are institutional factors in economic development?
Physical infrastructure like roads and bridges
Legal, regulatory, and governance frameworks
Geographical characteristics of a country
Cultural norms and practices
What does poor infrastructure hinder in economic growth?
Cultural exchange
Trade and transportation
Historical research
Political stability
What is a mitigation strategy for poor infrastructure?
Reducing educational funding
Investing in infrastructure development projects
Increasing import tariffs
Decreasing public investments
What does inadequate human capital refer to?
Lack of natural resources
Insufficient economic policies
Political instability
Knowledge, skills, and health of the workforce
How does inadequate human capital impact economic growth?
It enhances technological innovation
It stabilizes national economies
It limits workforce productivity
It increases global trade
What does lack of property rights lead to?
Improved public infrastructure
Enhanced social welfare programs
Undermined investment incentives
Increased incentives for innovation
Which is a mitigation strategy for weak property rights?
Limiting judicial independence
Ignoring international trade laws
Strengthening legal frameworks to protect property rights
Reducing legal aid availability
