Import Substitution Failed During the 1950s in Latin America Because

question 7

Multiple Choice

Import substitution failed during the 1950s in Latin America because ________.

• A) domestic companies felt exposed to the threats of foreign competition
• B) protected enterprises required constant subsidizing and never competed globally
• C) high quotas and tariffs did not generate enough revenue to support the government
• D) local manufacturing firms required parts and labor from other nations

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