Statistical evidence suggests that
A)import substituting policies tend to promote effective exploitation of scale economies.
B)free trade policies promote economic growth more effectively than do import substitution policies.
C)import substitution tends to lead to relatively low effective rates of protection.
D)import substitution is to this day the preferred growth strategy promoted by the World Bank.
E)import substitution proved to be the most effective aid for developing countries before 1970.

Question

Quizplus · Accepted Answer

Free trade policies are generally associated with higher economic growth due to increased efficiency, competition, and access to larger markets, whereas import substitution often leads to inefficiencies and limited growth.

Statistical Evidence Suggests That