Some Years Ago, the World Bank Surveyed the Ways in Which

question 131

Multiple Choice

Some years ago, the World Bank surveyed the ways in which countries encouraged or discouraged market activity.Its conclusion was: ​

• A)​when poor people are allowed access to the institutinos richer people enjoy, they are ill equipped to take advantage of those benefits 
• B)​when poor people are allowed access to the institutions richer people enjoy, they can thrive and help themselves 
• C)​that there was no measurable difference between the countries that actively encouraged market activity from those that discouraged it. 
• D)​without the proper resources, encouraging market activity had no effect

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Availability Heuristic

Availability Heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Functional Thinking

A cognitive approach focusing on the practical and utilitarian aspects of problem-solving and decision-making.