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Author Question: Economic shock therapy prescribes which of these measures? a. Increasing tariffs to protect ... (Read 67 times)

wenmo

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on: Jul 8, 2018
Economic shock therapy prescribes which of these measures?
 
  a. Increasing tariffs to protect infant industries
  b. Expanding public sector employment to stabilize wages
  c. Approving deficit spending to stimulate an economy in recession
  d. Selling off state-owned industries to reduce government participation in the economy

Question 2

What is one weakness of import substitution industrialization (ISI) that limited its effectiveness in Latin America?
 
  a. Wide-open markets deepened inequality.
  b. Protectionist policies kept inefficient companies afloat.
  c. Companies received more foreign investment than they could handle.
  d. The growing upper class demanded more goods than companies could produce.


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shaquita

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

Correct Answer: d

Answer to Question 2

Answer: b


wenmo

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Reply 2 on: Jul 8, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
Excellent

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