Which of the Following Would Be Referred to as an Institution

question 59

Multiple Choice

Which of the following would be referred to as an institution in development economics?

• A) Cultural norms
• B) The World Bank
• C) The FBI
• D) None of these are institutions.

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Definitions:

Outgroup

A social group to which an individual does not identify or belong, often viewed less favorably than the ingroup.

New Yorker

A resident or native of New York City.

Ingroup Bias

The tendency to favor one's own group over others, often resulting in prejudice and discrimination.

Outgroup Homogeneity

Outgroup Homogeneity is the tendency to view members of an outgroup as more similar to each other than they really are, often leading to stereotyping.