The disappointment with import-substitution policies is in part because
A) of the rapid and continuous growth record of South American countries.
B) many countries pursuing this strategy experienced stagnation in their growth.
C) this policy is inconsistent with sophisticated economic growth models.
D) this policy tended to create world-class industrial competitors.
E) of the financial investment lost by the U.S.
B
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Answer the following statement(s) true (T) or false (F)
1. Contaminants such as pollen and salt spray are known as anthropogenic pollutants. 2. Prior to the 1950s, all air quality laws in the United States had been enacted at the state and local levels of government. 3. The first federal air pollution legislation was the Clean Air Act of 1963. 4. One of the hallmarks of the 1990 Clean Air Act Amendments is its integration of market-based policy instruments, such as the use of tradeable allowances to control emissions. 5. The Clean Air Interstate Rule (CAIR), which was part of the 2004 Clean Air Rules, was considered to be the most important environmental initiative enacted by the Bush Administration.
Which of the following would increase the investment component of U.S. GDP?
A. You purchase a new clothes washing machine produced in the U.S. B. A laundry in Mexico purchases a new clothes-washing machine produced in the U.S. C. You purchase a new clothes washing machine produced in France. D. A laundry in Seattle purchases a new clothes-washing machine produced in the U.S.
According to the efficient markets hypothesis, who should earn the highest risk-adjusted return on stocks?
A) a financial expert who can devote considerable time to research B) the average investor who doesn't do too much research C) someone throwing darts at possible stock picks D) all of the above should earn the same average return
In adopting mixed Nash equilibrium strategy, a player is attempting to
a. randomize his or her own behavior b. make the opponent favor a course of action preferred by the first player c. randomize the outcome of actions d. make the opponent indifferent between one action and another e. none of the above