Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative

question 21

Multiple Choice

Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?

• A) export promotion
• B) import substitution
• C) international commodity agreements
• D) Infant Industry promotion
• E) intra-industry trade practice

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Definitions:

NETWORKDAYS Function

A function in spreadsheets that calculates the number of working days between two dates, excluding weekends and any specified holidays.

Rotate Text

Altering the orientation of text to a specified angle, deviating from the standard horizontal alignment.

Fill Handle

A feature in spreadsheet programs that allows users to extend a series of data or formulas to adjacent cells by dragging the handle.

Format Cells

Formatting cells in a spreadsheet involves changing the appearance or data characteristics of one or more cells, including styles, colors, sizes, and data types.