Even Though Economists Find Different Conclusions, Depending on the Models

question 19

Multiple Choice

Even though economists find different conclusions, depending on the models they use, for the explanation of cross-country growth since 1960, several variable consistently help explain differences in per-capita GDP growth. Which of the following is not one of them?

• A) Absolute latitude
• B) Measures of human capital
• C) Openness to trade
• D) Absolute longitude
• E) Fraction of GDP in mining

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Definitions:

Low-Ball Technique

A persuasion strategy in which an initial, lower price is offered to secure agreement, then raised before the deal is closed.

Bait-And-Switch

A deceptive marketing strategy in which a customer is lured by the advertisement of a low-priced item but then is encouraged to buy a more expensive one.

Door-In-The-Face Technique

The Door-In-The-Face Technique is a persuasion strategy where a larger request is initially made and rejected, followed by a smaller, more reasonable request.

Unreasonable Request

A demand made that is not grounded in logic or fairness, often placing undue burden on others.