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

question 15

Multiple Choice

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

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

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Definitions:

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Retained Students

Students who have not progressed to the next academic grade or level as expected, often due to academic or other challenges.

Significance Level

A threshold for determining the probability of rejecting the null hypothesis in a statistical test, typically set before the data is collected.

Sample Data

A subset of data collected from a larger population, used for statistical analysis.