Economic Growth

question 107

Multiple Choice

Economic growth:

• A) Is an increase in output or real GDP.
• B) Causes a contraction in the production possibilities curve.
• C) Involves reduced capacity in the short run.
• D) Cannot be sustained over time.

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Definitions:

Relational Cohesion Theory

A theory that explains the development of strong interpersonal bonds in social groups through repeated positive interactions and emotional attachments.

Cognitive Dissonance Theory

A theory proposing that people experience discomfort (dissonance) when their beliefs, knowledge, or behaviors are inconsistent, leading them to attempt to reduce the dissonance and restore harmony.

Social Identity Theory

Social Identity Theory explains how individuals derive part of their identity from the groups they belong to, influencing their behaviors and attitudes in intergroup contexts.

Cohesive

Characterized by unity and the tendency of a group or material to stick together.