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According to the classification in the text, which of the following is not an industrially advanced country (IAC) ?
Risk Preference
An individual's or entity's willingness to tolerate risk or uncertainty in investment or economic decisions.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
After Tax Profits
The net income a company retains after all its tax obligations have been settled.
Expected Cost
The forecasted cost of an action or decision, taking into account all known risks and uncertainties.
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