The Concept of Diminishing Returns Explains Why China Is Growing

question 48

True/False

The concept of diminishing returns explains why China is growing so much faster than the United States.

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Definitions:

Sequential Stages

The concept that many processes, including psychological and social ones, occur in a specific, ordered series of steps or phases.

Observing Children

The practice of closely watching and noting the behavior, development, or actions of children in order to understand or assess their physical, cognitive, or emotional growth.

Intrinsic Motivation

The drive to perform activities for their own sake and personal rewards, rather than for external rewards.

Shaping

The learning process in which an agent initially reinforces any behavior that remotely resembles the desired response and subsequently requires increasing correspondence between the learner’s behavior and the desired response before providing reinforcement.