Which of the Following Is NOT a Reason Why Al-Infitah

question 34

Multiple Choice

Which of the following is NOT a reason why al-Infitah failed to succeed?

• A) Foreign investors were wary of investing in the Egyptian economy, thus choosing low-risk investments such as construction of apartment or office buildings and luxury hotels
• B) As under Nasser, Egypt faced a costly defense budget and high inflation
• C) The IMF loans Sadat relied on demanded highly unpopular cuts to social welfare programs
• D) Religious parts of Egyptian society were opposed to capitalism, seeing it as un-Islamic

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