Thomas Friedman's Declaration That the World Was Now "Flat" Meant

question 21

Multiple Choice

Thomas Friedman's declaration that the world was now "flat" meant that

• A)the Internet has reduced the economic advantages of developed countries.
• B)globalization is starting to offer less advantage to large corporations.
• C)the global economy is increasingly commanded by fewer and larger corporations.
• D)global capitalism is homogenizing culture and business practices throughout the world.
• E)global shipping rates have reached historic lows.

Identify and analyze different decision-making strategies.

Comprehend the impact of cognitive biases and heuristics on decision-making.

Acknowledge the limitations of human rationality in decision-making processes.

Appreciate the empirical nature of psychology and its methodological diversity.

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Definitions:

Discriminatory Behaviour

Actions based on prejudice or bias that unfavorably treat or affect individuals or groups based on characteristics such as race, age, gender, or religion.

Self-Report Bias

A bias that occurs when respondents to a survey or study may not accurately or truthfully respond to questions, affecting the validity of the data.

Placebo Effect

The phenomenon where a patient experiences a perceived improvement in condition due to their belief in the efficacy of the treatment, regardless of its actual effectiveness.

Subliminal Messages

Signals below the threshold of conscious awareness, designed to influence thoughts, feelings, or actions.