1)Which of the following are a set of policies by which a country would pursue import substitution strategy for development? Choose one below.

a)Protection of infant industries, depreciate exchange rate, encourage foreign direct investment.

b)Expand the money supply, increase interest rates, encourage foreign direct investment, pursue free trade policies.

c)Appreciate exchange rate, deficit spend, increase interest rates, enact trade barriers.

d)Protection of infant industries, enact trade barriers, subsidize/nationalize critical industries.