One of the Reasons That Import Substitution Is Popular Is

question 55

Multiple Choice

One of the reasons that import substitution is popular is that:

• A)it increases the quality of products.
• B)infant industries would have to compete against global rivals.
• C)it benefits suppliers of resources to the favored domestic industries.
• D)it slows down the progression through the production chain.
• E)the emphasis is on comparative advantage and trade expansion.

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Definitions:

Social Honor

A form of social respect, admiration, or recognition that is accorded to individuals or groups based on their actions, achievements, or social status.

Status

The relative social, professional, or other standing of someone or something within a social hierarchy.

Proletariat

Refers to the class of wage-earners, especially industrial workers, who do not own the means of production and whose only means of subsistence is to sell their labor.

Party

A social gathering of invited guests, typically involving eating, drinking, and entertainment or a political organization competing for power.