Which of the Following Is NOT an Obstacle Hindering Former

question 30

Multiple Choice

Which of the following is NOT an obstacle hindering former socialist and communist countries in their transition to free-market economics?

• A) Environmental degradation
• B) Lack of managerial expertise
• C) Shortage of capital
• D) Cultural differences
• E) Lack of strong central planning

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Definitions:

Functional Fixedness

A tendency to think of things based on their usual functions, which may make it harder to solve a problem.

Framing

The way information is presented or worded, which can significantly affect decisions and judgments.

Insight

The capacity to gain an accurate and deep understanding of someone or something, often suddenly and intuitively.

Mental Set

A psychological tendency to approach situations in a particular way due to past experiences and problem-solving patterns.