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Author Question: What do the export-led and import-substitution models have in common? a. Both involve ... (Read 36 times)

erika

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on: Jul 8, 2018
What do the export-led and import-substitution models have in common?
 
  a. Both involve deregulation and privatization
  b. Both rely largely on foreign direct investment
  c. Both recommend using targeted protectionism
  d. Both focus on reducing government expenditures

Question 2

Which global decision directly led to the Latin American debt crisis in the early 1980s?
 
  a. The U.S. government dramatically raised interest rates.
  b. The Chinese government began liberalizing its economic regulations.
  c. The Brazilian government abandoned its import-substitution industrialization strategy.
  d. The Venezuelan government began exploiting the country's oil resources more effectively.


popopong

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Reply #1 on: Jul 8, 2018
Answer to Question 1

Correct Answer: c

Answer to Question 2

Answer: a


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