ISI Policies in the Long Run Constrained the Ability of Governments

question 12

Multiple Choice

ISI policies in the long run constrained the ability of governments to implement reforms because

• A) they created too many veto players to block change.
• B) they raised consumer expectations to unreasonable levels.
• C) they raised producer profit expectations to unreasonable levels.
• D) state owned enterprises became too corrupt to manage.
• E) government subsidies were too popular with urban elites.

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Definitions:

Emotional Susceptibility

A person's tendency to be easily affected by emotional experiences or to be more sensitive to emotional stimuli.

Essential Supplies

Materials or items that are considered absolutely necessary for the operation of a business or during a crisis situation.

Deceit

The act of misleading or deceiving someone through intentionally false statements or misrepresentations.

Misrepresentation

A false or misleading statement that induces another party to enter into a contract, possibly rendering the contract voidable.