One of the Reasons That Import Substitution Is Popular Is

question 55

Multiple Choice

One of the reasons that import substitution is popular is that:

• A)it increases the quality of products.
• B)infant industries would have to compete against global rivals.
• C)it benefits suppliers of resources to the favored domestic industries.
• D)it slows down the progression through the production chain.
• E)the emphasis is on comparative advantage and trade expansion.

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Definitions:

Universalism

A philosophy or ethical stance emphasizing fairness, equality, and the importance of treating all people and cultures with respect.

Spotlight Questions

Questions that test the ethics of a decision by exposing it to scrutiny through the eyes of family, community members, and ethical role models.

Ethical Behaviour

Conduct that is aligned with accepted principles of right or wrong governing the professional and personal actions of an individual or group.

Ethical Dilemma

A situation where an individual faces a choice between two or more morally right or acceptable courses of action that are in conflict.