The "Catch Up Phenomenon" Refers to

question 5

Multiple Choice

The "catch up phenomenon" refers to

• A)the ability of an economy to recover from a severe recession.
• B)the ability of lower income countries to grow rapidly by emulating the practices and technology of higher income countries.
• C)the likelihood of a sharp decline in asset and stock market prices following a prolonged period of economic growth.
• D)the failure of low-income countries to catch up with high-income countries because no country can sustain economic growth over long periods of time.

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Definitions:

Objective

Based on fact, measurable and observable, devoid of personal feelings or biases.

Required Course

A course that students must take and pass as part of the curriculum of a particular education program.

Avoidance-Avoidance Conflict

A psychological dilemma involving the need to choose between two undesirable options.

Approach-Avoidance Conflict

A psychological conflict that occurs when a single option has both attractive and unattractive aspects, making the decision-making process difficult.