A Problem Associated with Import Substitution as an Industrial Policy

question 58

Multiple Choice

A problem associated with import substitution as an industrial policy is:

• A) it removes the incentive for industries to be efficient.
• B) industries are often chosen for political, not economic, reasons.
• C) it often stays in place long after it was expected to lapse.
• D) All of these are problems associated with import substitution policy.

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Definitions:

Individual Differences

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SES Household

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Memory Enhancing Drug

Any pharmacological substance that claims or has been proven to improve memory function, recall abilities, or other aspects of cognitive processing.

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