The traditional industrial policy of import substitution:
A. has been successful for those countries that managed to pick the "right" industries.
B. has been successful for the great majority of countries.
C. is generally unsuccessful in the real world.
D. is used by most countries with some degree of success.
C. is generally unsuccessful in the real world.
You might also like to view...
Which of the following statements about third-degree price discrimination is correct?
A. Successful third-degree price discrimination will generally result in a greater level of output than would be the case under a single-price pure monopoly. B. Successful third-degree price discrimination does not require that different groups of consumers have different demand elasticities. C. Successful third-degree price discrimination does not require that the producer separates customers into easily identifiable groups. D. Successful third-degree price discrimination will not provide the firm with more total profits than if it does discriminate.
Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job
A) the unemployment rate decreased. B) the working-age population increased. C) the unemployment rate increased. D) the labor force participation rate decreased.
If the economy is initially at long-run equilibrium and aggregate demand declines, then in the long run the price level
a. and output are higher than in the original long-run equilibrium. b. and output are lower than in the original long-run equilibrium. c. is lower and output is the same as the original long-run equilibrium. d. is the same and output is lower than in the original long-run equilibrium.
A stock has an annual dividend of $10.00 and it is expected not to grow. It is believed the stock will sell for $100 one year from now, and an investor has a discount (interest) rate of 6% (0.06). The dividend discount model predicts the stock's current price should be:
A. $103.77 B. $94.67 C. $106.60 D. $116.00