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A Reason for the Failure of Import Substitution Industrialization in Ghana

Question 7

Multiple Choice

A reason for the failure of import substitution industrialization in Ghana is:


A) owners of factories often took advantage of the lack of competition to charge high prices for shoddy goods
B) the imports that substituted for local goods were not of good quality
C) imports flooded the market and hurt national industries
D) no countries were willing to sell their goods in Ghana
E) investment capital was not stimulated

Correct Answer:

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