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Question 5 Providing basic health care and education for poor countries is cost-prohibitive

Economics Aug 08, 2020

Question 5 Providing basic health care and education for poor countries is cost-prohibitive. True False
Question 6 Economic growth is the key to ending global poverty. True False
Question 7 Because poverty is so pervasive, poor countries are not able to experience economic growth. True False
Question 8 2 points Save Answer According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries True Falso

Expert Solution

5) True

( A large section of the society have no access to education and healthcare in these countries as they find education and healthcare unaffordable.)

6) True

( Economic growth implies the expansion of output .Economic growth succeeded in lifting millions out of poverty in countries like lndia and China.)

7) True

( Due to poverty being pervasive, intractable and inexcusable many countries have got trapped in the vicious circle of poverty which prevents them from realising goals of economic growth.)

8) True

( Rostow was of the opinion that significant increase in farm productivity is an essential condition for take off)

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