The Policy of ______, Initially Created to Decrease Latin America's

question 56

Short Answer

The policy of ______, initially created to decrease Latin America's dependence on foreign goods, ultimately made Latin America more vulnerable to international markets.

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Definitions:

Maximization Theory

A theory suggesting that individuals seek to maximize expected utility in decision-making scenarios, often considered in economics and psychology.

Guthrie

Edwin Ray Guthrie was a psychologist known for his associationist theories of learning, emphasizing the contiguity principle.

Hull

A reference to Clark L. Hull, an influential psychologist known for his work on drive theory and behaviorism.

Estes

Pertains to the work of William K. Estes, an American psychologist known for his research in mathematical psychology, learning theory, and memory processes.