What Is the Advantage of a Policy of Import Substitution

question 2

Multiple Choice

What is the advantage of a policy of import substitution?

• A)setting up an industry to replace imports minimizes risk of failure because the market for the product already exists in the nation as evidenced by the nation's imports of the commodity
• B)It is easier for developing nations to protect their domestic market against foreign competition than to force developed nations to lower their trade barriers against their manufactured exports
• C)foreign firms are induced to establish tariff factories to overcome the tariff wall of developing nations
• D)all of the above.

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Definitions:

Defibrillation

A medical treatment involving the delivery of an electrical shock to the heart to restore normal heart rhythms in cases of cardiac arrhythmias.

Simulation

A technique for practice and learning that replicates real-life processes, systems, or environments for training, research, or problem-solving purposes.

Discharge Teaching

Education provided to patients about their care, medications, and follow-up after being discharged from a healthcare facility.

Television

An electronic device for receiving and displaying images and sound from over the air or via cable, satellite, or internet.