According to Modern Growth Theory,a Country That Wants to Foster

question 101

Multiple Choice

According to modern growth theory,a country that wants to foster long-run economic growth and the accumulation of wealth should focus on

• A) its institutions.
• B) acquiring physical capital.
• C) its supply of unskilled labor.
• D) its educated workforce.
• E) acquiring modern buildings.

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Definitions:

Foot-In-The-Door

A persuasion technique where the persuader requests a small initial favor in hopes of making the person more likely to agree to a larger favor later.

Stereotype

A set of characteristics that people believe is shared by all members of a particular social category; a concept held about a person or group of people that is based on superficial, irrelevant characteristics.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Cognitions

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.