Author Question: Why might IS policies make a country likely to incur a large foreign debt? What will be an ideal ... (Read 117 times)

madam-professor

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Why might IS policies make a country likely to incur a large foreign debt?
 
  What will be an ideal response?

Question 2

In the early stages of development, educational spending should be focused on
 
  a. basic literacy
  b. agricultural skills
  c. basic technical skills
  d. accounting and management skills
  e. all of the above



AaaA

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Answer to Question 1

Answer should review the nature of IS, focusing on the need to import foreign capital to produce import-substitute goods, and leading to borrowing for that purpose, whereas EO might be more apt to rely on export earnings.

Answer to Question 2

E



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