Import Substitution Is an Example of

question 122

Multiple Choice

Import substitution is an example of

• A) an inward-oriented growth strategy.
• B) an outward-oriented growth strategy.
• C) the principle of absolute advantage.
• D) export led growth.

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Definitions:

Dual-voltage Power Supply

A power supply unit that can accommodate two different voltages, allowing it to be compatible with different electrical standards in various countries or with devices requiring different voltages.

KVM Switch

Keyboard, Video, and Mouse switch; a device that allows a user to control multiple computers from a single keyboard, monitor, and mouse setup, thereby saving space and reducing the need for additional peripherals.

Volt Amps

A unit of measurement for electrical power in an AC circuit, reflecting the apparent power used by electrical equipment.