What Is a Problem Associated with Import Substitution as an Industrial

question 9

Multiple Choice

What is a problem associated with import substitution as an industrial policy?

• A) It removes the incentive for industries to be efficient.
• B) Industries are often chosen for political, and not economic, reasons.
• C) It often stays in place long after it was expected to lapse.
• D) All of these are problems associated with import substitution.

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Definitions:

Africa

The world's second-largest and second-most populous continent, known for its rich cultural heritage, diverse ecosystems, and varied geography.

HIV-1

The most common and infectious subtype of the Human Immunodeficiency Virus, causing acquired immunodeficiency syndrome (AIDS) by attacking the immune system.

Acquired Immune Deficiency Syndrome

A life-threatening condition caused by the human immunodeficiency virus (HIV) that severely damages the immune system.

Human Immunodeficiency Virus

A virus that attacks the immune system, the body's natural defense against illness, and can lead to AIDS if not treated.