Economic Development Quiz 1

November 9, 2020
Time limit: 30 minutes
Submission: Nov. 9, 2020 5:05pm

I. MULTIPLE CHOICE:

c
A

a
d

e
poverty

increases

(5 points each)
1. Human capital has a significant connection to economic development which is, this
becomes the way to have a great productivity for the growth of the economy because it
consists of the knowledge and skills of the people which contributed to the success of
the economy.
2. Economics is one of the central knowledge which explains to us what the problems of
development are. It helps us simplify explanations and theories about what is the state
of our growth. Such an example is the scarcity; we understand that it is one of the
significant hindrances to development.