What Is the Main Reason Why Import-Substitution Strategies Fail to Generate

question 31

Multiple Choice

What is the main reason why import-substitution strategies fail to generate rapid economic growth?

• A)Deteriorating terms of trade
• B)Scarce natural resources
• C)Inefficient allocation of resources
• D)Lack of self-interested behavior by entrepreneurs
• E)Insufficient subsidies to domestic producers

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Definitions:

Customer Service Requirements

Specifications or expectations that outline the service standards a business must meet to satisfy its customers.

Fulfillment Model

The process or system by which orders are received, processed, and delivered to customers, covering inventory management, warehousing, and logistics.

Manufacturer

An entity that produces finished goods from raw materials in large quantities using various processes, machinery, and operations.

Retailers' Stores

Physical or online outlets operated by retailers where goods are sold directly to consumers.