Exam #2 (Spring 2016) 4/18 6.Statistical evidence suggests that import substitution:
7._______ is said to exist when the formation of a regional trading group leads to a reduction of trade with non-member countries in favor of member countries.
8.The best economic case that one can make for an active industrial policy is based on: a.A national security argument. b.A high value added argument. c.A technological spillover argument. d.An increasing national income argument.
9.Developing countries are usually unwilling to negotiate over labor standards because: