Import Substitution

question 23

Multiple Choice

Import substitution:

• A) protects domestic industries until they are efficient enough to compete in the world market.
• B) incentivizes consumers to substitute imported goods for domestic goods.
• C) encourages domestic industries to ship exports to other countries.
• D) mandates that imports can only be sold if the domestic economy does not produce that good.

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Definitions:

Self-Esteem

An individual's subjective evaluation of their own worth or abilities.

Depression

A mental disorder characterized by persistent sadness and loss of interest in everyday activities.

Gratitude

A feeling of appreciation or thanks towards someone or something.

Intercourse

Sexual activity involving the penetration of the vagina by the penis.