Which of the Following Is Not an Example of a Sociocultural

question 37

Multiple Choice

Which of the following is not an example of a sociocultural impediment to economic growth?

• A) tribal allegiances that take precedence over national unity
• B) religious beliefs and practices that severely limit economic activity
• C) migration of labor resources from agricultural to urban areas
• D) a system for allocating jobs based on caste or tradition

---

Definitions:

Sector Rotation

An investment strategy that entails shifting the portfolio into industry sectors that are forecast to outperform others based on macroeconomic forecasts.

Portfolio

An assortment of financial assets encompassing shares, fixed income securities, raw materials, liquid cash, and near-cash items, along with inclusive of pooled investment vehicles like closed-end funds and ETFs.

Industry

An industry is a group of companies that are related based on their primary business activities.

Local Currency Return

The return on an investment denominated in the currency of the country where the investment is made.