Import Substitution Policies Make Use of

question 18

Multiple Choice

Import substitution policies make use of

• A) tariffs that discourage goods from entering a country.
• B) quotas applied to goods that are shipped abroad.
• C) production subsidies granted to industries with comparative advantage.
• D) tax breaks granted to industries with comparative advantage.
• E) production facilities provided by industrialized countries.

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Definitions:

Seventeenth-Century Migrants

Individuals or groups who relocated, often across national boundaries, during the 1600s, frequently for reasons such as religious freedom, economic opportunity, or as a result of being transported as convicts or indentured servants.

Lower-Class Men

Individuals from the bottom socio-economic tier of society, often characterized by lower income and limited access to resources.

Headright System

A land-grant policy that promised fifty acres to any colonist who could afford passage to Virginia, as well as fifty more for any accompanying servants. The headright policy was eventually expanded to include any colonists—and was also adopted in other colonies.

Large Estates

Expansive areas of land, usually encompassing significant homes or mansions, often associated with wealth and aristocracy.