The Primary Objective of Inward-Oriented Strategies Is

question 32

Multiple Choice

The primary objective of inward-oriented strategies is:

• A) to raise government revenue through tariffs and other import taxes.
• B) to lower the domestic price of imports.
• C) to replace imported manufactured goods with domestic goods.
• D) to encourage imports through reduction of tariff and non-tariff barriers.
• E) to encourage the production of those goods in which the country has an absolute advantage.

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Definitions:

National Saving

The total amount of savings generated within a country, which equals the sum of private and public savings.

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or migration, relying entirely on its own resources.

Certificate of Indebtedness

A type of financial instrument indicating the holder is owed a debt by the issuer, typically with terms specifying the repayment of the principal and interest.

Bonds

Debt securities issued by entities such as governments or corporations to raise capital, promising to repay the principal along with interest at a future date.