Studies of Import-Substituting Industrialization (ISI) and related policies show that income growth is
A. works best if there is a single national-champion firm in each industry.
B. negatively correlated with outward-oriented policies that are closer to free trade.
C. not correlated with either free trade or antitrade policies.
D. negatively correlated with antitrade policies like ISI.
Answer: D
You might also like to view...
You would be willing to pay a maximum of $1000 for an airplane ticket to London, UK during the summer, and you can buy an airplane ticket for $890. Your consumer surplus is:
A) $190. B) $110. C) $100. D) $90.
The market demand curve for a popular teen magazine is given by Q = 80 - 10P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 10,000
If the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue? A) $2.00 B) $1.00 C) Zero D) -$1.00
Use the above figure. Total cost at the profit-maximizing output is closet to
A. $4,800. B. $6,600. C. $9,600. D. $8,000.
Refer to Figure 18-3. Consider the market for U.S. dollars against the Japanese yen shown above. An event which could have caused the changes shown in the graph would be
A) an increase in U.S. real income. B) an economic expansion in the United States. C) speculators expect the dollar to depreciate in value in the near future. D) a decrease in Japanese interest rates.