Statistical evidence suggests that O a. free trade policies promote economic growth more effectively than do import substitution policies. O b. import substituting policies tend to promote effective exploitation of scale economies. O c. import substitution tends to lead to relatively low effective rates of protection. O d. import substitution is to this day the preferred growth strategy promoted by the World Bank. O e. import substitution proved to be the most effective aid for developing countries before 1970.

Statistical evidence suggests that O a. free trade policies promote economic growth more effectively than do import substitution policies. O b. import substituting policies tend to promote effective exploitation of scale economies. O c. import substitution tends to lead to relatively low effective rates of protection. O d. import substitution is to this day the preferred growth strategy promoted by the World Bank. O e. import substitution proved to be the most effective aid for developing countries before 1970.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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