Suppose a Developing Country Is Falling Further Behind the Developed

question 56

Multiple Choice

Suppose a developing country is falling further behind the developed countries that it neighbors. As an economic consultant you are called to look at its policies to recommend changes. If you saw all of the following on your visit, which of them could be an explanation for the slow growth in the economy?

• A)You see that new companies require few licenses to move their exports.
• B)You see that the central bank leadership is tied very closely to the party of the elected officials.
• C)You see that the roads, bridges, and ports are in great shape thanks to the work of the World Bank.
• D)You see that literacy rates rival those of its developed neighbors

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Definitions:

Multiple Causes

A principle acknowledging that outcomes often have more than one cause, highlighting the complexity of determining singular explanations for events or phenomena.

Level of Processing

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.

Unifying Themes

Broad ideas or concepts that serve to tie together or integrate various elements into a coherent whole.

Semantic Memory

A type of long-term memory involving the storage of general knowledge and facts about the world, separate from personal experiences.