Related to the Economics in Practice on P

question 53

Multiple Choice

Related to the Economics in Practice on p.636: According to a study cited in the Economics in Practice,if a country is relatively far from the technological frontier of the rest of the world,its best strategy would be to

• A)adopt other countries' policies until it reaches the frontier of the rest of the world.
• B)support its own innovative efforts until it reaches the frontier of the rest of the world.
• C)first adopt other countries' policies,and as the country approaches the frontier,shift to supporting its own innovative efforts.
• D)first support its own innovative efforts,and as the country approaches the frontier,shift to adopting other countries' policies.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.