TRUE OR FALSE:

1. Development of every nation is unique and experiential.

2. Development is a process as well as a state of being.

3. Once a nation is developed, underdevelopment is already impossible to happen.

4. A world free of poverty can be started by economic policies, programs and actions.

5. Absolute poverty essentially means abject poverty.

6. Families in rich nations have good life and essentially live without any pressures and

risks.

7. Agriculture products today is generally characterized as a subsistence economy.

8. Happiness according to Amartya Sen is both a being and doing.

9. Increase in the number of goods and services produced in a nation is a necessary

condition but not a sufficient condition for development.

10. Development is multifaceted and multidimensional, thus it is approached historically

but not necessarily gradually.

11. The study of development/the process of development entails following the

methodology of economics.

12. Development process is personal, communal, institutional and structural.

13. The ultimate purpose of development economics is to understand developing

economies and help them improve their lives.

14. Ethics and morality of every economic actions in the development process can

positively and negatively affect its outcome.

15. Income per capital is best measured in real terms.

16. Zero marginal productivity in agriculture sector means the presence of disguised

unemployment.

17. Capabilities of a person to develop is acquired internally but not externally.

18. Development is complete as long as people have their basic needs and feeling of

worthiness in the society where they belong.

19.The objectives of development can be achieved in a step by step process.

20. Gender equality development index is measure of human development.

21. Social fractionalization is experienced by developing countries in terms of language.

22. In 2017, Philippines was a lower middle income country with high human

development index.

23. Investment in health and nutrition of people is investment in human capital.

24. The GNI of a country is approached as a value added.

25. Malnutrition, child mortality and life expectancy are the primary indicators of health

of the people regardless of where they come from.

26. Dependency burden is measured in terms of the number of children to be supported

financially/feed by people in the labor force.

27. The prevalence of monopoly and big companies make it difficult to acquire

information about the market in the developing economy.

28. Decolonization is a relevant part of the colonizing and colonized countries in the

development process.

29. Most developed countries are found in temperate zones, while developing countries

are from very hot zones.

30. A nation that is a technological follower will necessarily have a difficulty in achieving

development.

31. There are adverse economic effects of manpower exports.

32. The terms of trade of a country can positively and negatively affect the economic

growth of the economy.

33. At present, divergence and convergence are observed in the world.

34. The institution in a country, economic or otherwise, are humanly divisive and unique

in each country.

35. Economic development of any nation essentially follows a linear, but not necessarily

predictive pattern.