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Author Question: One of the reasons that import substitution is popular is that a. there was never any demand for ... (Read 84 times)

Evvie72

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on: Jun 30, 2018
One of the reasons that import substitution is popular is that
 a. there was never any demand for the products in question
  b. infant industries would have to compete against global rivals
  c. it benefits suppliers to the favored domestic industries
  d. it slows down the progression through the production chain
  e. the emphasis is on comparative advantage and trade expansion

Question 2

At the end of the production chain that a typical economy moves up along is
 a. raw material
  b. agriculture
  c. hunting and gathering
  d. services
  e. manufacturing


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mceravolo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Evvie72

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Missbam101

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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