The market-friendly approach to development emphasizes
a. self-interested behavior of public officials in LDCs.
b. the dependence of LDCs on former colonial powers.
c. the inherent efficiency of markets in developing countries.
d. that markets in LDCs fail sometimes and selective interventions can promote economic development.
D
Economics
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The McKinley Tariff of 1890 marked the beginning of the American move toward free trade
Indicate whether the statement is true or false
Economics
A group of buyers and sellers with the potential to trade with each other is known as a(n)
a. trading bloc b. cartel c. market d. industry e. sector
Economics