Which of the Following Is True of Import-Substitution Strategies

question 66

Multiple Choice

Which of the following is true of import-substitution strategies?

• A)They generally focus on specialization based on comparative advantage.
• B)They dominate the strategies of the developed world.
• C)They focus on the production of exportable.
• D)These strategies lower the price of the domestically produced goods than the imported goods.
• E)They generally require the removal of import barriers like tariffs or quotas.

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Definitions:

Linear Association

A relationship between two variables that can be represented by a straight line on a graph.

Negative Association

A relationship between two variables in which one variable increases as the other decreases.

Moderately Strong Association

Indicates a significant but not perfect relationship between two variables, often quantified by correlation coefficients.

Positive Association

A relationship between two variables in which they increase or decrease together.