Multiple Choice
Why do developing countries usually have less variety in their economic activities?
26. Special Topics
Developing Countries: Obstacles to Development
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Which field of economics deals primarily with the problems faced by low-income countries?
A
Labor economics
B
Development economics
C
Behavioral economics
D
Environmental economics
Verified step by step guidance1
Step 1: Understand the scope of each field of economics mentioned in the options.
Step 2: Recognize that Labor economics focuses on issues related to employment, wages, and labor markets.
Step 3: Note that Behavioral economics studies how psychological factors affect economic decision-making.
Step 4: Identify that Environmental economics deals with economic impacts on the environment and natural resources.
Step 5: Conclude that Development economics is the field that primarily addresses the economic problems faced by low-income countries, such as poverty, growth, and structural change.
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