Import Substitution

question 55

Multiple Choice

Import substitution

• A) is intended to preserve traditional ways of life.
• B) means that LDCs have not adopted the materialistic values of the industrialized world.
• C) means that the LDCs are shifting towards religious fundamentalism.
• D) is a way to encourage the development of domestic manufacturing.
• E) discourages the adoption of Western-style political institutions.

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Preferred Provider

A healthcare provider who has a contract with an insurer to provide services to plan members for specific pre-negotiated rates.

Prescription Drugs

Medications that are legally available only with a valid prescription from a licensed healthcare provider.

Patent Laws

Regulations governing the granting of exclusive rights to inventors for their inventions, discouraging unauthorized use.

Direct to Consumer

A business model where products or services are sold directly from the manufacturer or service provider to the consumer, bypassing traditional retail intermediaries.