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    Question

    Which of the following scenarios explain economic

    development?
    A Improvement in the distribution system Correct Answer Incorrect Answer
    B Improvement in the technology Correct Answer Incorrect Answer
    C Improvement in the production Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    economic development is usually the focus of federal, state, and local governments to improve our standard of living through the creation of jobs, the support of innovation and new ideas, the creation of higher wealth, and the creation of an overall better quality of life. Many times these objectives include building or improving infrastructure such as roads, bridges, etc.; improving our education system through new schools; enhancing our public safety through fire and police service; or incentivizing new businesses to open a location in a community.

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