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Question 21
A
an increase in military expenditure 
B
an increase in capacity utilization 
C
a sustained increase in per capital income 
D
an even distribution of goods and services 
Explanation.
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Correct Option:
C



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Question 24
A
domestic production 
B
large-scale production 
C
importation 
D
exportation 
Explanation.
Share Answer Import substitution, also referred to as import substitution industrialization (ISI), is a set of policies that addresses the developmental concerns of structurally deficient economic countries. As the name suggests, the ultimate goal of ISI is to promote a countrys economic industrialization by encouraging domestic production and discouraging imports of consumer goods.

Correct Option:
A


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Question 26
A
ineffective use of stabilization measures 
B
inadequate demand 
C
poor implementation of policies 
D
balance of payments deficits 
Explanation.
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No official Explanation yet!


Correct Option:
C



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Question 29
A
signing WTO treaty 
B
granting subsidies 
C
the provision of efficient infrastructure 
D
direct government participation 
Explanation.
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Correct Option:
B


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