When Economists Refer to Capital flIght, They Are Speaking of an

question 190

Multiple Choice

When economists refer to capital flight, they are speaking of an

• A) outflow of financial capital from a certain country.
• B) outflow of real capital from a certain country.
• C) outflow of financial and real capital from a certain country.
• D) outflow of human capital from a certain country.

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Definitions:

Formal Operational

The stage of cognitive development, according to Piaget, that enables abstract, logical, and systematic thinking, typically emerging in adolescence.

Hypothetically

Involves discussing, reasoning, or theorizing based on conjecture or a supposition, rather than concrete evidence.

Metacognition

The awareness and understanding of one’s own thought processes, often referred to as "thinking about thinking."

Formal Operations

The stage of cognitive development, according to Piaget, starting around age 12, where individuals develop the ability to think abstractly, logically, and systematically.