Which of the Following Groups Were Hurt by Import Substitution

question 23

Multiple Choice

Which of the following groups were hurt by import substitution industrialization?

• A) The urban poor
• B) Peasant farmers
• C) Workers in the informal sector of the economy
• D) Foreign competition
• E) All of the above groups were hurt by import substitution industrialization.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities; also known as shareholders' equity.

Unsecured Debt

A type of debt or general obligation that does not have collateral backing and is issued solely based on the creditworthiness and reputation of the issuer.

Credit Standing

An assessment of a person or entity's ability to repay debts, often influenced by past borrowing and repayment history.

Collateral

An asset pledged as security for repayment of a loan, forfeitable in the event of a default.