Economic Growth in the DVCs Might Increase If IACs

question 97

Multiple Choice

Economic growth in the DVCs might increase if IACs

• A)reduce their tariffs and import quotas.
• B)encourage more immigration of highly skilled DVC workers.
• C)outlaw direct private investment abroad by IAC corporations.
• D)discourage capital flight to the DVCs.

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Definitions:

Base-Rate Effect

A cognitive error whereby people judge the likelihood of an event by intuitive examples rather than by statistical evidence.

Availability Heuristic

A cognitive shortcut based on the first examples that appear in someone's thoughts when assessing a certain topic, idea, strategy, or choice.

Related Concepts

Ideas, terms, or phenomena that share common features or are associated with each other within a specific context or field of study.

High Level Concepts

Abstract ideas or notions that are complex and encompass broad categories or ideas, which oftentimes require significant understanding and knowledge to grasp.