Which of the Following Is Required for a Country to Successfully

question 24

Multiple Choice

Which of the following is required for a country to successfully pursue an import-substitution strategy?

• A) Imposition of protective tariffs
• B) Policies to encourage foreign investment in order to facilitate rapid technology transfer
• C) A flexible exchange rate system
• D) A liberal immigration policy to increase the size of the labor force

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Definitions:

Central Nervous System

The major component of the nervous system, consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Limbic System

A complex system of nerves and networks in the brain, involved in instinct and mood control, governing emotional responses.

Pleasure

A feeling of happiness or satisfaction derived from a particular activity or experience.

Pain

A physical or emotional sensation caused by illness, injury, or emotional distress.