When a Developing Country Relies on Export Promotion

question 57

Multiple Choice

When a developing country relies on export promotion,

• A)it concentrates on producing for its domestic market
• B)it builds its technological and educational base and then can make more complex products for export
• C)domestic producers have sufficient protection that they can afford to become inefficient
• D)its government must intervene more in markets
• E)None of the answers is correct

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Definitions:

Permanent Condition

A state or situation that is not expected to change over time.

Fairness

The quality of making judgments that are free from discrimination or dishonesty.

Basic Consumer Theory

A concept in economics that analyzes consumer choices and behaviors based on preferences, budget constraints, and utility maximization.

Consumer Behavior

The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences.