Proponents of import substitution industrialization (ISI) in Latin America had to assume that governments O were incapable of setting up an industrial policy. O were capable of identifying and correcting inflation O were capable of manipulating the interest rate. O were capable of identifying and correcting market failures could not measure the terms of trade. Human capital was accumulated in the high-growth Asian economies through a high rate of investment in education; physical capital was accumulated through a high rate of investment in it (physical capital) that was possible because of O university: low inflation O university: low taxes university: a high rate of savings O primary and secondary; low taxes O primary and secondary, a high rate of savings Which of the following were NOT policies used by China to help expand international trade? O The creation of additional Foreign Trading Companies O The removal of price controls. The removal of export subsidies. O Application to join the GATT/WTO. O Subsidizing direct investment into China.

Proponents of import substitution industrialization (ISI) in Latin America had to assume that governments O were incapable of setting up an industrial policy. O were capable of identifying and correcting inflation O were capable of manipulating the interest rate. O were capable of identifying and correcting market failures could not measure the terms of trade. Human capital was accumulated in the high-growth Asian economies through a high rate of investment in education; physical capital was accumulated through a high rate of investment in it (physical capital) that was possible because of O university: low inflation O university: low taxes university: a high rate of savings O primary and secondary; low taxes O primary and secondary, a high rate of savings Which of the following were NOT policies used by China to help expand international trade? O The creation of additional Foreign Trading Companies O The removal of price controls. The removal of export subsidies. O Application to join the GATT/WTO. O Subsidizing direct investment into China.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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