On Average, About Half of the Labor Force in Developing

question 183

True/False

On average, about half of the labor force in developing countries works in agriculture, versus only about 3 percent in industrial market countries.

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Definitions:

Outperform

To do better than others or than a benchmark, often used in the context of investment performance.

Frame Dependence

The influence of presentation or context on decision-making outcomes.

Loss Aversion

A cognitive bias where the pain of losing is psychologically about twice as powerful as the pleasure of gaining, impacting financial and investment decisions.

Professional Fund Managers

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