Which hypothetical scenarios would be an example of import

Reference no: EM132880410

Problem 1: Which of the following hypothetical scenarios would be an example of "import substitution industrialization?"

A. Brazil wants to encourage Brazilians to manufacture their own bicycles, so it places a high tax on foreign bicycles.

B. Canada imports high-quality chainsaws from Japan and uses them to harvest timber, which is then sold to Japan for profit (which more than pays for the chainsaws).

C. The United States imports cheap goods produced in places like China so the American labor force can concentrate on more valuable skills like technology and the financial sector.

D. All production of tractors in the Soviet Union was dictated by the GOSPLAN bureaucracy in Moscow under the Fiver Year Plans.

Reference no: EM132880410

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