Two Countries Are the Same,except One Is Poorer

question 47

Multiple Choice

Two countries are the same,except one is poorer.Assuming the traditional assumption about the production function is made there are

• A)diminishing returns to capital so the poor country grows slower.
• B)increasing returns to capital so the poor country grows slower.
• C)diminishing returns to capital so the poor country grows faster.
• D)increasing returns to capital so the poor country grows faster.

Understand the key characteristics and differences between behaviourist, cognitive, humanistic, psychodynamic, and sociocultural perspectives in psychology.

Comprehend the debate between dualism and monism in relation to the mind-body problem.

Recognize how cultural dimensions (individualism vs. collectivism) influence social behavior and psychological processes.

Identify the goals and differences between basic and applied research in psychology.

---

Definitions:

Foreign Exchange Market

An international platform for trading national currencies with each other.

U.S. Dollar

The official currency of the United States of America, widely used as a global reserve currency.

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another.

Swiss Franc

The national currency of Switzerland, known for its stability and being a safe-haven currency in times of financial uncertainty.