The Disappointment with Import-Substitution Policies Is in Part Because

question 24

Multiple Choice

The disappointment with import-substitution policies is in part because

• A) of the rapid and continuous growth record of South American countries.
• B) many countries pursuing this strategy experienced stagnation in their growth.
• C) this policy is inconsistent with sophisticated economic growth models.
• D) this policy tended to create world-class industrial competitors.
• E) of the financial investment lost by the U.S.

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Definitions:

Bearish

Pertaining to or indicating negative expectations for a particular market, security, or economy, expecting prices to fall.

Behavioral Finance

A field of study that examines psychological influences and biases on the financial behaviors of investors and financial markets.

Irrationality

A decision-making process that deviates from logic or reason.

Cumulative Breadth

A technical analysis tool that measures the advancing and declining stocks on an exchange to assess market direction.