Multiple Choice
The growth successes of the high performance Asian economies
A) supports the belief that economic development requires import substitution policies.
B) rejects the belief that export-oriented industrialization is likely to promote economic development.
C) rejects the belief that economic development requires import substitution policies.
D) suggests that free trade policies are required for successful economic development.
E) enforces United States' hesitation to trade with developing countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: The HPAE (High Performance Asian Economies) countries<br>A)
Q18: Import substitution policies make use of<br>A) tariffs
Q19: The infant industry argument is that<br>A) comparative
Q20: The development of countries like South Korea
Q21: Which industrialization policy used by developing countries
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q24: The disappointment with import-substitution policies is in
Q25: The infant industry argument was an important
Q26: Sophisticated theoretical arguments supporting import-substitution policies include<br>A)
Q27: General equilibrium considerations lead to the realization