Statistical evidence suggests that Select one: Oa import substitution proved to be the most effective aid for developing countries before 1970. Ob import substitution tends to lead to relatively low effective rates of protection Oe. import substitution is to this day the preferred growth strategy promoted by the World Bank Od. free trade policies promote economic growth more effectively than do import substitution policies
Statistical evidence suggests that Select one: Oa import substitution proved to be the most effective aid for developing countries before 1970. Ob import substitution tends to lead to relatively low effective rates of protection Oe. import substitution is to this day the preferred growth strategy promoted by the World Bank Od. free trade policies promote economic growth more effectively than do import substitution policies
Chapter1: Making Economics Decisions
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Transcribed Image Text:Statistical evidence suggests that
Select one:
O a. import substitution proved to be the most effective aid for developing countries before 1970.
O b. import substitution tends to lead to relatively low effective rates of protection.
Oc. import substitution is to this day the preferred growth strategy promoted by the World Bank.
Od. free trade policies promote economic growth more effectively than do import substitution policies.
The development of countries like South Korea has been supported by all of the following EXCEPT
Select one
Oa, high domestic interest rates.
Ob Nigh domestic saving rates.
Oc large endowments of human capital
Od. high levels of labor productivity
Oe reduced government regulation
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