Many developing countries instituted import substitution policies because ?

Related Mcqs:

The term Fourth World has been coined to describe ?

A. the newly industrialized countries like Korea, Taiwan Malaysia B. The republics of the former Soviet Union C. Countries that still have a communist government like China and Cuba D. countries that have fallen far behind the economic advances of the rest of the world...

Low agricultural productivity in developing countries is mainly caused by ?

A. shortages of inputs including land B. an over-investment in farm equipment C. migration from rural areas to urban areas D. a lack of effective demand for food products...

The main reason why land reform increase agricultural output is that is ?

A. encourages mechanization B. allows the farmers to set the prices for their agricultural products C. enables farmers to escape the problem of diminishing return D. makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers...

Debt-re-scheduling is ?

A. an agreement with the World Bank to turn some of a debt into other forms B. a change in debt repayment due to inability to pay C. regular payments of interest and repayments of capital D. a program of austerity measures agreed with the IMF to make repayment possible...

Developing countries, if compared with other countries, have ?

A. a lower rate of illiteracy B. a greater degree of equality in the income distribution C. a lower infant mortality rate D. a smaller percentage of the labor force in urban areas...