A Major Factor Contributing to the Slow Growth Rate of Less-Developed

question 214

Multiple Choice

A major factor contributing to the slow growth rate of less-developed economies is

• A)the lack of well-defined and enforceable property rights.
• B)the lack of natural resources.
• C)the lack of workers.
• D)the high rate of illiteracy.

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Definitions:

Behavioral Perspective

An approach to understanding human behavior that focuses on observable behaviors, emphasizing the influence of the environment on actions.

Path-Goal Leadership

A leadership theory that suggests a leader's behavior is motivated by the desire to meet followers' needs and guide them towards achieving their goals.

Transactional Perspective

A viewpoint that focuses on the exchanges and interactions between entities, analyzing outcomes based on costs and benefits.

Situational Leadership Theory

A leadership theory proposing that effective leaders must vary their approach based on the situation and the readiness level of their followers.