Which of the following is true of import-substitution strategies?
a. They dominate the strategies of the developing world.
b. They focus on the production of goods not produced in developed countries.
c. They focus on the production of exportable goods.
d. These strategies lower the price of the domestically produced goods than the imported goods.
e. They generally require the removal of import barriers like tariffs or quotas.
a
Economics
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The rate at which a consumer must give up y to get one more x is equal to
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