The imperfect capital market justification for infant industry promotion
A) assumes that infant industries will be in products of comparative advantage.
B) assumes that banks can allocate resources efficiently.
C) assumes that developing country will reward the donor country.
D) assumes that infant industries will soon mature.
E) assumes that new industries will tend to have low profits.
Correct Answer:
Verified
Q9: Historically those few developing countries which have
Q10: Import substitution policies make use of
A)production subsidies
Q11: All of the following nations EXCEPT _
Q12: The disappointment with import- substitution policies is
Q13: China's recent experience supports the proposition that
A)"economic
Q15: Which industrialization policy used by developing countries
Q16: The development of countries like South Korea
Q17: General equilibrium considerations lead to the realization
Q18: Statistical evidence suggests that
A)import substituting policies tend
Q19: Growth rates in Brazil and other Latin
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