Between 1973 and 1982 developing countries were also harmed by three international shocks which included
A) increase in oil prices, increase in commodity imports and higher interest rates on the foreign debt.
B) increase in oil prices, reduction in their terms of trade and lower profits on simple ISI products.
C) increase in oil prices, improvement in their terms of trade and higher interest rates on the foreign debt.
D) increase in oil prices, reduction in their terms of trade and lower interest rates on the foreign debt.
E) increase in oil prices, reduction in their terms of trade and higher interest rates on the foreign debt.
Correct Answer:
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Q5: Rent-seeking is the term used to describe
A)
Q6: According to Oatley,manufacturing industries created through ISI
Q7: According to Oatley,governments in developing countries were
Q8: Microeconomic inefficiencies created by ISI policies were
Q9: According to Oatley,Governments promoted ISI policies so
Q11: In what has come to be called
Q12: East Asian governments used industrial policies to
A)
Q13: In what has come to be called
Q14: According to the World Bank and the
Q15: ISI policies in the long run constrained
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