Import Substitution Industrialization Had Which of the Following Effects

question 63

Multiple Choice

Import substitution industrialization had which of the following effects?

• A) It achieved rapid economic growth.
• B) Industries that received government subsidies had less incentive to produce efficiently.
• C) Particular groups-such as business elites and labor leaders-gained substantial access to the government because of their importance in this scheme of development.
• D) Large, commercially-oriented farmers emerged to dominate the agricultural economy.
• E) All of the above were effects of import substitution industrialization.

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