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Although Initially Successful in Achieving Impressive Economic Growth, Import Substitution

Question 22

Multiple Choice

Although initially successful in achieving impressive economic growth, import substitution ultimately


A) was proven to be incapable of sustaining economic growth due to resistance from labor groups.
B) led to inefficient and uncompetitive industries due to their dependence on state subsidies.
C) was proven to be incapable of sustaining economic growth due to resistance from large firms that wanted to grow their foreign markets in Latin America.
D) was proven to be incapable of sustaining economic growth due to resistance from the bourgeoisie.
E) was proven to be incapable of sustaining economic growth due to resistance from foreign capitalists and multinational corporations.

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