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An example of a government policy to increase physical capital formation is:
False Uniqueness Effect
The tendency to underestimate the number of other people who share one’s most prized characteristics and abilities.
Theory Perseverance
The phenomenon where individuals maintain their beliefs even in the face of contradictory evidence, often due to the initial formation of a strong impression or belief.
Social Conformity
The act of adjusting one's behaviors, attitudes, or beliefs to align with group norms, often to fit into a society or group.
False Uniqueness
The erroneous belief that one's abilities, thoughts, or characteristics are more unique or exceptional than they actually are, often underestimating commonality with others.
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Q96: Real GDP measures the _ of production;