Author Question: What is the main reason for the failure of import-substitution strategies to generate rapid economic ... (Read 93 times)

jhjkgdfhk · **on:** Jun 30, 2018

What is the main reason for the failure of import-substitution strategies to generate rapid economic growth?
a. Deteriorating terms of trade
b. Scarce natural resources
c. Inefficient allocation of resources
d. Lack of self-interested behavior by entrepreneurs
e. Insufficient subsidies to domestic producers

Question 2

Assuming wages are indexed to inflation, if prices rose by 1.4 percent this month and your last month's wage was 1,000, your wage this month would be 1,014.
a. True
b. False
Indicate whether the statement is true or false