Most Economists Agree That While There Are a Seemingly Endless

question 9

Multiple Choice

Most economists agree that while there are a seemingly endless number of ways to promote economic development:

• A)there are just as many ways to measure effectiveness.
• B)there are few ways to measure their effectiveness.
• C)there is no way to determine which are the best ways.
• D)None of these statements is true.

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Definitions:

Social Categorization

The process of classifying people into groups based on shared characteristics, often leading to stereotyping.

Cognitive Miser

A theory suggesting that humans tend to conserve mental energy by relying on simplified and heuristic methods of processing information.

Representativeness Heuristic

A cognitive shortcut that involves judging the likelihood of an event based on how closely it resembles a typical case.

Subtypes

Categories that people use for individuals who do not fit a general stereotype.