In the past, some governments have favored being selfsufficient and only import products that cannot be produced

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In the past, some governments have favored being selfsufficient and only import products that cannot be produced domestically. Do you believe that this is a sound economic policy? Explain.

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 05, 2024 05:00 AM

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In the past, some governments have favored being selfsufficient and only import products that cannot be produced

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The policy of favoring selfsufficiency and only importing products that cannot be produced domestically known as import substitution has been pursued ...View the full answer

Economics

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