Question: 32. Recent experience with import substitution in developing countries suggests that a. protected infant industries typically achieve a competitive level of efficiency within a 5-10

32. Recent experience with import substitution in developing countries suggests that a. protected infant industries typically achieve a competitive level of efficiency within

a 5-10 year time span.

b. protected infant industries typically achieve a competitive level of efficiency within a 20-40 year time span.

c. protected infant industries often do not achieve a competitive level of efficiency.

d. none of the above.

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