The practice in underdeveloped countries of setting high tariffs to discourage imports and encourage the establishment of factories in their own states that could flourish without foreign competition is referred to as ______________ industrialization.
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Q5: A central bank is set up to:
A)
Q6: "Rent seeking" hurts the economy because:
A) it
Q7: A reason for the failure of import
Q8: Using the example of South Korea, this
Q9: Baumol's disease focuses on the elasticity of
Q11: The main indicator of economic growth is:
A)
Q12: The pressure from rising wages in manufacturing
Q13: Two factors that improve unemployment, inflation, and
Q14: The state of the economy is a
Q15: The use of public resources for private
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