An example of infant industry protection is the computer industry in Brazil from 1977 to 1988. It is widely concluded that the effort was:
a. a failure.
b. a complete success, because now Brazil manufactures nearly all computer CPUs.
c. successful, although there were costs to pay in higher prices, making PCs unattainable for most Brazilian consumers.
d. as measured on a cost-benefit basis, still unclear due to potential future gains.
Ans: a. a failure.
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A) 2 B) 3 C) 4 D) 5
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