Which of the Following About Economic Freedom Is True

question 16

Multiple Choice

Which of the following about economic freedom is true?

• A) Low income countries that have adopted institutions and policies consistent with economic freedom have grown rapidly.
• B) Low-income countries that have adopted institutions and policies consistent with economic freedom have failed to grow more rapidly than economies that are relatively unfree.
• C) Economic freedom appears to improve the performance of developed economies, but not those that are less developed.
• D) Economic freedom appears to improve the performance of less developed economies, but not those that already have a high degree of development.

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Definitions:

Spotlight Effect

The belief that others are paying more attention to one's appearance and behavior than they really are.

Self-efficacy

Self-efficacy refers to an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Defensive Self-esteem

A form of self-esteem characterized by a fragile sense of self that is highly sensitive to perceived criticism or threat.

Social-cognitive Theories

Theories that emphasize the role of cognitive processes in understanding social behavior, including how we interpret, analyze, and remember information about others and our social interactions.