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1 vote
When the Australian economy was based on import-substitution manufacturing,

A. domestic production assured national prosperity.
B. protectionist policies were emphasized.
C. domestic manufacturing was discouraged.
D. expansionist policies were emphasized.

1 Answer

3 votes
"D. expansionist policies were emphasized" since import-substitution manufacturing is difficult to sustain, and is less preferable to domestic manufacturing since there are tariffs involved.
User Jan Zyka
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