The Worst Case Scenario for the Negative Effects of Competition

question 37

Multiple Choice

The worst case scenario for the negative effects of competition for economic development between local governments is that it may

• A)result in civil war.
• B)create "beggar thy neighbor" policies.
• C)completely alienate local businesses.
• D)scar the reputations of local elected officials.

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Definitions:

Investment Policy Statement

A document drafted between a portfolio manager and a client that outlines general rules for the manager, including the client's objectives, risk tolerance, time horizon, and liquidity needs.

Scope and Purpose

"Scope and Purpose" defines the aims and boundaries of a project, policy, program, or strategy, outlining what it intends to achieve and the extent of its application.

Risk Requirements

Risk requirements define the level of risk that investors are willing and able to bear in their investment portfolios.