ISI Policies Were Brought to an End Primarily by

question 15

Multiple Choice

ISI policies were brought to an end primarily by

• A)their inability to solve the crises of the 1980s.
• B)authoritarian governments interested in total control over the economy.
• C)populist politicians.
• D)the growing perception that they were creating long-term economic inefficiencies.
• E)Both A and D.

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Definitions:

Marginal Tax Rate

The tax rate that applies to the next dollar of taxable income, indicating the percentage of any additional income that will be paid in taxes.

Taxable Income

The portion of an individual's or corporation's income that is subject to taxes by the government, after all deductions and exemptions.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income), showing the percentage of income paid in taxes.