Which of the Following Is a Common of Feature of Economies

question 48

Multiple Choice

Which of the following is a common of feature of economies such as South Korea, Taiwan, Hong Kong, Singapore, Chile that have achieved significant gains in economic growth?

• A) Abundant exportable natural resources
• B) The existence of a market economy
• C) A low degree of government involvement in the provision of housing, health care, and education
• D) Heavy reliance on foreign investments

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Definitions:

Unpleasant Consequence

An undesirable result or effect that follows a particular action or decision.

Law of Immediate Reinforcement

A principle stating that behaviors are more likely to be repeated when they are immediately followed by a positive reinforcement.

Desirable Behaviour

Actions or reactions that are preferred or encouraged within a specific context due to their positive outcomes or alignment with set norms.

Reinforcing Value

The increase in likelihood of a behavior reoccurring, due to the positive outcomes or rewards associated with it.