What Is the Main Reason for the Failure of Import-Substitution

question 73

Multiple Choice

What is the main reason for the failure of import-substitution strategies to generate rapid economic growth?

• A) Deteriorating terms of trade
• B) Scarce natural resources
• C) Inefficient allocation of resources
• D) Lack of self-interested behavior by entrepreneurs
• E) Insufficient subsidies to domestic producers

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Definitions:

Analyze Data

The process of inspecting, cleansing, transforming, and modeling data to discover useful information, inform conclusions, and support decision-making.

Collect Data

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Identifying Problem

The initial step in the problem-solving process, involving the recognition and definition of an issue that needs resolution.

Marketing Research Process

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