The State-Led Development Model Employed in the Developing World in the Middle

question 59

Multiple Choice

The state-led development model employed in the developing world in the middle decades of the twentieth century in Latin America,Asia,the Middle East,and Africa shared all of the following practices EXCEPT __________.

• A)free trade
• B)market regulation
• C)price controls
• D)anticompetitive industry supports

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Definitions:

Dominant Strategies

In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Sequential Version

A process or model that is designed to occur or be executed in a specific order or sequence.

Preemptive Strategy

A business strategy designed to discourage or prevent potential competitors from entering the market.

Strategic Move

A planned action by a company or individual designed to outmaneuver competitors or advance its position in the marketplace.