Multiple Choice
Import substitution industrialization had which of the following effects?
A) It achieved rapid economic growth.
B) Industries that received government subsidies had less incentive to produce efficiently.
C) Particular groups-such as business elites and labor leaders-gained substantial access to the government because of their importance in this scheme of development.
D) Large, commercially-oriented farmers emerged to dominate the agricultural economy.
E) All of the above were effects of import substitution industrialization.
Correct Answer:
Verified
Correct Answer:
Verified
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