Which of the Following Is True of Import-Substitution Strategies

question 38

Multiple Choice

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

• A) They dominate the strategies of the developing world.
• B) They focus on the production of goods not produced in developed countries.
• C) They focus on the production of exportable goods.
• 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:

Triptych

A three-paneled painting, ivory plaque, or altarpiece. Also, a small, portable shrine with hinged wings used for private devotion.

Diptych

A two-paneled painting or altarpiece; also, an ancient Roman, Early Christian, or Byzantine hinged writing tablet, often of ivory and carved on the external sides.

Miraculous Draft

A biblical event depicted in the Gospels where Jesus instructs Simon Peter to cast his nets into the sea, resulting in a miraculously large catch of fish.

Flanders

A historical region now divided among Belgium, France, and the Netherlands, known for its flourishing art, commerce, and culture during the Middle Ages and Renaissance.