One of the Growth Challenges Facing Low-Income Countries Is Their

question 17

Multiple Choice

One of the growth challenges facing low-income countries is their tendency to have

• A) low population densities.
• B) highly diversified economies.
• C) low levels of capital per worker.
• D) highly developed transportation infrastructure that requires constant maintenance.
• E) fixed exchange rates.

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Definitions:

Confirmation Bias

The tendency to interpret new evidence as confirmation of one's existing beliefs or theories.

Multitasking

The performance of multiple tasks simultaneously by an individual or machine.

Framing Effect

The influence on decision making caused by the way information is presented, rather than by the information itself.

Confirmation Bias

The inclination to seek out, understand, prioritize, and remember data in a manner that supports one's already established views or theories.