According to Prebisch and other ISI theoreticians, countries should begin to shift their comparative advantage away from primary commodity production by first producing
A) industrial goods such as pumps and generators.
B) complex consumer goods such as autos and appliances.
C) simple consumer goods such as food products and textiles.
D) minerals and agricultural products.
C
Economics
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"The economic wealth of this country is primarily the result of the profit made by some individuals at the expense of others." The person who made this statement
What will be an ideal response?
Economics
A problem with using fiscal policy to fine-tune the economy is that
A. fiscal policy impacts the economy too fast. B. fiscal policy impacts only the largest states in the nation. C. fiscal policy impacts only urban areas of the nation. D. it takes time for policymakers to agree on the appropriate fiscal policy.
Economics