Historically those few developing countries which have succeeded in significantly raising their per-capita income levels
A) did not accomplish this with import-substituting industrialization.
B) did accomplish this with import-substituting industrialization.
C) tended to provide heavy protection to domestic industrial sectors.
D) favored industrial to agricultural or service sectors.
E) did so to the detriment of their nearest neighbors.
Answer: A) did not accomplish this with import-substituting industrialization.
You might also like to view...
Which of the following policies is a supply-side policy?
a. Reduction in taxes. b. Reduction in regulation. c. Reduction in resource prices. d. Subsidies to produce technological advances. e. All of these.
The big-push strategy relies on investments that are designed especially to
a. create production facilities b. check the infrastructure that impedes development c. combat infant mortality rates d. develop human capital e. create simultaneously a vast network of markets whose demands and supplies are created by the investments
From a society's viewpoint, when all resources are fully employed, a decision to have more of one thing means we must give up some of another thing
a. True b. False Indicate whether the statement is true or false
A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price is $13 per unit. Using the midpoint method, for this range of prices, the price elasticity of supply is about
a. 6. b. 2.4. c. 0.4. d. 0.67.