Which of the Following Statements Describes the Success of Import

question 38

Multiple Choice

Which of the following statements describes the success of import substitution?

• A) Approval from the World Trade Organization is required in order for import substitution to be successful.
• B) Import substitution has been successful for the great majority of countries.
• C) Import substitution is generally unsuccessful in the real world.
• D) Import substitution is typically more successful than clustering, but less successful than export-led growth.

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Definitions:

Social Striving Effect

The phenomenon where individuals exert more effort and perform better when working in groups than when working alone.

Team Identifiability

The extent to which team members are recognizable as a distinct group by themselves and others, affecting the team's unity and the individual member's sense of belonging.

Group Success

The achievement of a set goal or objective through the collective effort and cooperation of all members of a team.

Team Culture

The shared values, beliefs, and practices of a team that shape its behavior and how it functions.