The Substitution of Traditional Imports by Increasing Domestic Industrial Production

question 57

Multiple Choice

The substitution of traditional imports by increasing domestic industrial production in Latin America began to fail in the 1960s because

• A)they often lacked sufficient labor to allow them to compete with foreign manufacturers.
• B)Japan refused to buy any goods from countries using import-substitution.
• C)domestic markets were too small and countries were unable to find enough foreign buyers.
• D)United States firms effectively stifled attempts to establish industry in Latin America.
• E)foreign capital costs and a welter of other, highly technical problems fatally weakened attempts to expand Latin American industry.

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Definitions:

White Rat

Commonly used in psychological experiments, particularly in the study of behavior, learning, and conditioning; often associated with B.F. Skinner's work.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

White Rat

Commonly used in psychologic and medical research, a laboratory rat of a breed that is white in color.

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the importance of observable behaviors over internal phenomena like thoughts and feelings.