The Informal Economy in Many Less Developed Countries

question 87

Multiple Choice

The informal economy in many less developed countries

• A)consists of legitimate businesses that do not want to take the time to fill out the required paperwork.
• B)has better defined property rights than the formal sector.
• C)tends to be less productive than the formal economy.
• D)tends to be smaller than the formal economy.
• E)exists mainly because people are uneducated.

Identify and describe wicked problems and their characteristics.

Understand the role of various social entrepreneurship models in addressing social problems.

Appreciate the relevance of stakeholder attributes in entrepreneurship.

Grasp the concepts of earned-income activities and venture philanthropy in funding social ventures.

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Definitions:

Occasion-Setting Properties

Stimuli or contexts that signal the availability of reinforcement or punishment, influencing how an organism responds to other stimuli.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, begins to elicit a conditioned response.

Lock Conditioning

A method of conditioning where the conditioned stimulus locks the response until the unconditioned stimulus is presented, although this term is not traditionally used in psychological literature, it seems to be a misunderstanding or miscreation.

Conditional Discrimination Task

A learning task where subjects learn to make distinctions between stimuli or responses based on conditional cues or contexts.