Until Recently, Many Developing Countries

question 228

Multiple Choice

Until recently, many developing countries

• A)were quite open to foreign investment.
• B)encouraged foreign direct investment but discouraged foreign portfolio investment.
• C)sealed themselves off from foreign investment.
• D)encouraged foreign portfolio investment but discouraged foreign direct investment.
• E)allowed their citizens to freely invest in other countries.

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Definitions:

Gambler's Fallacy

The false notion that if an event takes place more often than usual over a certain span, its occurrence will diminish in the future, or the contrary.

Availability Heuristic

A quick judgment method drawn from examples that surface quickly in one's thoughts when deliberating over a specific area, theory, approach, or verdict.

Independent

Not influenced or controlled by others; acting or existing freely.

Evolutionary Theorists

Scholars who study how evolutionary principles like natural selection explain the development and behavior of organisms.