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CHAPTER 36 Economic Growth in Developing and Transitional Economies
When imports of manufactured goods become relatively expensive in
the domestic market, while exports become relatively inexpensive
world markets, a country would naturally tend to choose:
Import substitution over export promotion.
Export promotion over import substitution.
Both import substitution and export promotion.
d. Neither import substitution nor export promotion.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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