This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An economically backward nation has the best chance of enjoying relatively high rates of economic ... (Read 37 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
An economically backward nation has the best chance of enjoying relatively high rates of economic growth if it
 
  A) turns toward central economic planning.
  B) adopts advanced technologies.
  C) raises its minimum wages and government pension programs.
  D) limits imports as much as possible.

Question 2

Why do individuals decide to herd?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

In general, there are two reasons why individuals may decide to herd. The first might simply be that they are afraid of being wrongfor this reason, they might not value their own instincts highly. Another reason is the assumption that if many people are making the same decision, they must be doing so for a reason. Herding creates an informational equilibrium in which people trust the wisdom of others and ignore their own information.


james

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 29, 2018
Thank you


cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Major Findings of the High Scope Preschool Study High Scope participants showed better academic per Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
Using the cursors on the oscilloscope, the high- and low-oxygen sensor values can be displayed on ... Using the cursors on the oscilloscope, the high- and low-oxygen sensor values can be displayed on ...
Age-Specific Fertility Rates Age-Specific Fertility Rates
High school students shopping at the mall High school students shopping at the mall
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
economic question economic question
Video: Coronary Heart Disease

For a complete list of videos, visit our video library