Which of the Following Is Not a Reason Why China

question 18

Multiple Choice

Which of the following is not a reason why China is unlikely to maintain high enough rates of productivity growth to catch up with the standard of living in the United States?

• A)The United States invests more in research and development than does China.
• B)Much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
• C)Because of the low birth rate in China,the labor force will soon decline.
• D)The Chinese migration of rural workers to more productive urban jobs.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Mental Sets

A tendency to solve problems using methods that have worked in the past rather than considering new approaches.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving.

Intuitions

The ability to understand something instinctively, without the need for conscious reasoning.