Statistical evidence suggests that
A) free trade policies promote economic growth more effectively than do import substitution policies.
B) import substituting policies tend to promote effective exploitation of scale economies.
C) import substitution tends to lead to relatively low effective rates of protection.
D) import substitution is to this day the preferred growth strategy promoted by the World Bank.
E) import substitution proved to be the most effective aid for developing countries before 1970.
A
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Household wealth is defined as the value of a household's
A) assets minus the value of its liabilities. B) liabilities. C) assets plus the value of its liabilities. D) assets.
A country's level of well being is determined primarily by its level of
a. population growth. b. educational attainment. c. capital stock growth. d. natural resource growth.