Which Trade Strategy Have Developing Countries Used to Restrict Imports

question 1

Multiple Choice

Which trade strategy have developing countries used to restrict imports of manufactured goods so that the domestic market is preserved for home producers?

• A)export subsidies
• B)export promotion
• C)multilateral contract
• D)international commodity agreement
• E)import substitution

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Definitions:

Nonlinear Optimization Model

A mathematical problem solving framework designed to optimize a nonlinear objective function subject to nonlinear constraints.

Mixed Integer Linear Optimization Model

An optimization model that seeks the best solution from a set of linear equations and inequalities, where some of the decision variables are constrained to be integer values.

Integer

A whole number that can be positive, negative, or zero but does not include fractions or decimals.

Cutting Pattern

A specified arrangement or plan for cutting materials (such as fabric, metal, or wood) to minimize waste and maximize efficiency.