Realizing the Problems with Import Substitution, Some Asian Countries Have

question 50

Multiple Choice

Realizing the problems with import substitution, some Asian countries have instead:

• A) supported export-led growth.
• B) become isolationist, like North Korea.
• C) practiced contractionary monetary policy.
• D) worked to maintain a fixed exchange rate.

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Definitions:

Authorized

This term indicates that permission has been given by a relevant authority or person allowing specific actions or activities.

Treasury Stock

Shares that were once issued and outstanding but were subsequently reacquired by the issuing company and are held in the company’s treasury.

Outstanding

Something that is exceptionally good or remaining unpaid or unresolved.

Indenture

A formal legal agreement, contract, or document, especially one regarding debt or bonds, specifying terms and conditions.