Brazil's export record in 1999 illustrated the principle that
A) a large country will tend to have few exports.
B) a small country will tend to have a high export ratio.
C) protectionist policies tend to discourage exports.
D) export-promoting policies do not tend to work.
E) import substitution policies helped the Brazilian economy.
Correct Answer:
Verified
Q2: The disappointment with import-substitution policies is in
Q3: Sophisticated theoretical arguments supporting import-substitution policies include
A)
Q4: General equilibrium considerations lead to the realization
Q6: The infant industry argument was an important
Q8: A reason why it is difficult for
Q14: Which of the following could explain why
Q15: It is argued that import substitution is
Q17: The infant industry argument is that
A) comparative
Q18: Import substitution policies make use of
A) tariffs
Q19:
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