Import substitution industrialization in Latin America
A) relied on increased exports.
B) provided subsidies for exports.
C) shifted the bulk of exports away from primary commodities.
D) created disincentives to export.
D
You might also like to view...
Marginal cost can be expressed as the ration of the price of labor and the Marginal Product of Labor
a. only when labor is held constant. b. only when labor is the only variable input. c. wether labor is held constant or not. d. never.
Discounting involves dividing next-period income by ________
A) one plus the real rate of interest B) the nominal rate of interest C) current income D) the real rate of interest
After the Civil War, the Southern manufacturing sector
a. declined along with the agricultural sector. b. did not reach pre-War levels until the 20th century. c. recovered much more quickly than the agricultural sector. d. was slow to recover because of slow repairs to the South's transportation network.
If workers have better information about their own ability to work than employers do, which of the following situations is present?
A. unemployment B. asymmetric information C. discrimination D. moral hazard