Import Substitution (IS) strategies have been defended on the basis of
a. export pessimism
b. the desire to industrialize
c. the potential for learning by doing
d. the desire to save on foreign exchange
e. all of the above
E
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Saving divided by income equals the _______ rate.
A. interest B. income C. wealth D. saving
A monopolist will never produce a level of output where MR < 0.
Answer the following statement true (T) or false (F)
The decision by firms to enter a market shifts the market supply curve to the right.
Answer the following statement true (T) or false (F)
The World Bank seeks to:
A. Provide financial backing for the work of the International Monetary Fund B. Maintain stable exchange rates in the currencies of developing countries C. Assist developing countries in achieving economic growth D. Maximize its profits for its worldwide shareholders