Examlex
The government in Chile recently informed Clint Travis' company that his retail grocery chain in Chile would have to be gradually turned over to the people of Chile by the year 2050 as it is a foreign company in Chile. Additionally, starting next year 50 percent of the board of directors of the Chilean operation of the company must be Chileans. Which of the following political risk actions is Mr. Travis' company facing in Chile?
Repeated Mistakes
The act of making the same errors multiple times, often hindering progress or learning in any context.
Neoclassical Economics
Neoclassical economics is a school of thought that emphasizes rationality, market equilibrium, and the efficiency of markets in allocating resources.
Rational
Behaviors and decisions that maximize a person’s chances of achieving his or her goals.
Behavioral Economists
Economists focusing on how psychological, social, cognitive, and emotional factors influence the economic choices made by individuals and institutions.
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