The policy-setters in Miguel’s developing country decided to create an economic policy that would eliminate most imports. This would allow domestic producers to fulfill all of the country’s manufacturing needs, and they would eventually grow large enough to begin exporting sizable quantities of goods. Which approach did these leaders take?
a. orthodox liberalism
b. world systems theory
c. import substitution industrialization
d. pegged exchange rate development
c. import substitution industrialization
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Compared to global warming, addressing the hole in the ozone layer is __________
A) more complex, because the costs of solving the problem are higher B) about the same, because in either case the costs to states' economies are very high C) simpler, because the consequences of ozone depletion are better understood and more immediate D) more time-consuming, because of disagreement about the nature of the problem
The term "Government" (with a capitalized "G") refers to the prime minister and cabinet
Indicate whether this statement is true or false.
The Treaties of Rome, signed in 1957, helped further the process of gradual economic integration by creating
a. the European Economic Community and the European Atomic Energy Community. b. the European Defense Community and the European Political Community. c. a free trade area. d. the Atlantic Charter.
How does free riding affect the cost of health insurance?
a. It has a dramatic effect on those who choose not to buy coverage because they will have to pay hefty bills if they need treatment. b. It decreases the availability of health care for all because fewer people choose to enter the health care profession. c. Premiums rise for those with health care because insurance companies need to pay more for an increasingly expensive risk pool. d. Indirectly at best because insurance companies could keep the cost of premiums down if they deployed technology more effectively.