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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 12
Determine whether each of the following is an example of import substitution, export-led growth, or clustering.
a. The government gives a $50 million grant to a leading university to work with car manufacturers and to research new ways to produce more fuel-efficient vehicles.
b. The government gives $50 million to a domestic car company to subsidize its shipping costs to other countries.
c. The government enacts a tariff on all cars imported from abroad.
a. The government gives a $50 million grant to a leading university to work with car manufacturers and to research new ways to produce more fuel-efficient vehicles.
b. The government gives $50 million to a domestic car company to subsidize its shipping costs to other countries.
c. The government enacts a tariff on all cars imported from abroad.
Explanation
Verified
Verified
a.Clustering
Clustering is organizing o...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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