Define Import Substitution Industrialization (ISI) and Explain Why It Was

question 42

Essay

Define import substitution industrialization (ISI) and explain why it was unsuccessful in many Latin American countries.

Solve quadratic inequalities.

Identify the effect of parameters on the solutions of a quadratic equation.

Understand the relationship between nominal and real interest rates, including the role of inflation.

Explain the term structure of interest rates and the different shapes of the yield curve.