Which of the following was NOT a result of import-substituting industrialization? O It showed that the infant-industry argument is universally valid. O It increased income inequality and unemployment. O It led to an inefficient scale of production. O It produced high rates of protection.

Which of the following was NOT a result of import-substituting industrialization? O It showed that the infant-industry argument is universally valid. O It increased income inequality and unemployment. O It led to an inefficient scale of production. O It produced high rates of protection.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 4P

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Question

Which of the following was NOT a result of import-substituting
industrialization?
O It showed that the infant-industry argument is universally valid.
O It increased income inequality and unemployment.
O It led to an inefficient scale of production.
O It produced high rates of protection.

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