Which statements is TRUE? 1. O- Ring Model posits that there are no small tasks in the development process of nations. 2. Diagnosis of an economic problem reduces the chance of failure in solving it. 3. Inequality can be addressed by correcting the distortion in the prices of economic resources. 4. Distortions in the wage of workers can be avoided when the labor market is competitive. 5. The Foster-Greer-Thorbecke Index is a class measure of the levels of poverty and income inequality

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