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Import-substitution and export orientation: arguments pro
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- Policies that provide subsidies to domestic producers to encourage the production of goods for domestic market and reduce the quantity of imports are called import substitution policies. Select one: True FalseImport Substitution Industrialization was a key component of state-led economic growth in the postwar era in the global south. What is Import Substitution Industrialization, and what policy tools did states use to attempt it? What difficulties did countries of the Global South face in accomplishing Import Substitution Industrialization?effect of fiscal and monetary policy on export and import in Zimbabwe
- Pakistan gradually switched its trade regimes from imports substitution in 1950s to liberal trade regime in 1980s. Critically assess the impact of this paradigm shift on the export performance of PakistanOffer curves tell usa) The demand and supply of both goods at different relative pricesb) The demand for import good only at different relative prices.c) The supply of export good at different relative prices.d) None of the above.Which of the following would hold true if a country’s export demand is elastic and price of commodity rises? Select one: Decreased demand Increased demand Results in a great export value A and C both B and C both
- In the specific factor model, with free trade the relative price of imported goods cannot be _____ than in autarky.Which of the following was a positive side-effect of Latin America’s import substitution industrialization policies? Select one: a. the growth of transportation and infrastructure facilities b. Balanced fiscal budgets for Latin American governments c. Lower prices of industrial goods for Latin American citizens d. Declining food supplies and agroexport productionfocus on the protection of infant industries rationale for limiting imports. Do you agree or disagree with this rationale? why or why not?
- The threshold productivity to become an exporter is A.higher than the one to serve the domestic market B.lower than the one to serve the domestic marketIndicate the impact of subsidies on the following: Imports: (Increase/Decrease) Prices: (Increase/Decrease) Consumption: (Increase/Decrease) Consumers: (Better off/No change/Worse off) Domestic producers: (Better off/No change/Worse off) Competitiveness of domestic producers at home: (Improved/Unchanged/Deteriorated) Competitiveness of domestic producers in international markets: (Improved/Unchanged/Deteriorated) Government: (Better off/No change/Worse off)Supporters of import restrictions and protectionist policies place greater weight on producer welfare than on consumer welfare." Comment.