A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?
Correct answer: C. Development economics
- A. Tradititional economics
- B. Political economics
- C. Development economics
- D. None
Explanation
Development economics examines how economies are transformed and accepts that government coordination and intervention may be needed to promote structural change. Traditional economics is based on customary practices rather than planned transformation.
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