Which of the Following Statements Is TRUE

question 58

Multiple Choice

Which of the following statements is TRUE?

• A) Cartels are an important source of economic growth in developing countries.
• B) Economists are not opposed to government-created cartels since they usually provide high-quality products and service.
• C) One cost of government-sponsored cartels is that people spend resources trying to obtain or maintain a cartel rather than produce better products.
• D) Government supported cartels usually mean more innovation.

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Definitions:

Basic Research

Pure science that aims to increase the scientific knowledge base.

Albert Bandura

A prominent psychologist known for his work on social learning theory, suggesting that people learn through observation and interaction with others.

B.F. Skinner

An American psychologist and behaviorist known for his work in operant conditioning, emphasizing the role of reinforcement and punishment in shaping behavior.

Mirror Neurons

Neurons that fire both when an individual performs an action and when they observe the same action being performed by another, thought to be fundamental in imitation, empathy, and social understanding.