The Policy of Import Substitution Was Most Vigorously Followed By

question 11

Multiple Choice

The policy of import substitution was most vigorously followed by:

• A)large developing nations during the 1970's
• B)large developing nations during the 1960's
• C)small developing nations during the 1970's
• D)small developing nations during the 1960's

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Definitions:

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Finance Lease

A type of lease agreement in which the lessee effectively obtains ownership of the asset by the end of the lease term, usually involving payment of the asset's full value over time.

Lessee

A person or entity who leases property or equipment from another, the lessor, under a lease agreement.

Right-Of-Use Asset

An asset that represents a lessee's right to use an underlying asset for the lease term under an agreement.