Countries in Which a Relatively Small Fraction of Output Is

question 18

Multiple Choice

Countries in which a relatively small fraction of output is channeled into investment tend to have a

• A) relatively high rate of consumption.
• B) relatively low rate of population growth.
• C) relatively low standard of living.
• D) relatively high level of capital stock.
• E) relatively high level of government spending.

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Definitions:

Internal Locus

The belief that one controls their own destiny and outcomes are a result of personal effort rather than external forces.

External Locus

A belief that outcomes in one’s life are due to external forces or circumstances beyond one's control.

Self-esteem

An individual's overall subjective evaluation of their own worth or value.

Techno-complexity

Refers to the complexity and intricacy of technological systems, processes, and solutions.