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Although Initially Successful in Achieving Impressive Economic Growth, Import-Substitution Ultimately

Question 64

Multiple Choice

Although initially successful in achieving impressive economic growth, import-substitution ultimately


A) was proven to be incapable of sustaining economic growth due to resistance from labor groups.
B) led to inefficient and uncompetitive industries due to their dependence on state subsidies.
C) was ruled in violation of the rules of the World Trade Organization.
D) was proven to be incapable of sustaining economic growth due to resistance from the bourgeoisie.
E) was proven to be incapable of sustaining economic growth due to resistance from foreign capitalists and multinational corporations.

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