Which of the Following Statements Is True of Economic Growth

question 27

Multiple Choice

Which of the following statements is true of economic growth?

• A) Compared to countries with extractive institutions, economic growth in countries with inclusive institutions is more likely to stagnate in the long run.
• B) Countries with extractive institutions are likely to grow at the same rate as countries with inclusive institutions.
• C) Countries with extractive institutions are likely to grow faster than countries with inclusive institutions.
• D) Countries with inclusive institutions are likely to grow faster than countries with extractive institutions.

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Definitions:

Chance Accuracy

The likelihood of making correct decisions or predictions by random chance in a given situation.

Behaviorists

Psychologists who study behavior based on the premise that all behaviors are acquired through conditioning.

Visual Imagery

The mental representation and simulation of visual perceptions in the absence of direct sensory input.

Scientific Control

A procedure in scientific experiments where all variables are kept constant except the variable being investigated.