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Title: What impact does import substitution have on the balance of payments? Post by: hannahgold on Feb 19, 2018 What impact does import substitution have on the balance of payments?
a. Negative, balance of payments can deteriorate. b. Positive, balance of payments can improve. c. None, balance of payments does not change. d. Unpredictable, impact depends on the circumstances and imports. Which term refers to the strategy of producing domestically those goods that a country has been importing? a. Import substitution b. Export promotion c. Terms of trade d. Late development In recent decades, three main development strategies have been dominant. Which of the following is not one of these strategies? a. Export led growth b. State socialism c. Import substitution d. Free market protectionism In the second half of the twentieth century, export-led growth was dominant in a. Latin America. b. Africa. c. Europe. d. East Asia. In the second half of the twentieth century, import substitution was dominant in a. Latin America, India, and parts of Africa. b. Africa. c. Latin America. d. Europe. Title: What impact does import substitution have on the balance of payments? Post by: gregbren89@gmai on Feb 19, 2018 Content hidden
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