Which of the Following Has Not Been Proposed as a Rationale

question 13

Multiple Choice

Which of the following has not been proposed as a rationale for promoting import substitution?

• A) The Prebisch-Singer hypothesis
• B) The belief that technological progress occurs mainly in manufacturing
• C) The infant industry argument
• D) The idea that imports can be a source of TFP growth
• E) The fear that reliance on imports makes the economy vulnerable to external forces

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Definitions:

Predict

To declare or indicate in advance; especially : foretell on the basis of observation, experience, or scientific reason.

Following

In the context of a sequence or process, it refers to something that comes after or as a result of another thing.

Reaction Mechanism

The step-by-step sequence of elementary reactions by which overall chemical change occurs, detailing the specific way in which atoms or groups of atoms move and bonds are formed or broken.

Detail

An individual feature, fact, or item that is considered significant and provides information or contributes to an overall understanding of a subject.