Which of the Following Is True of Import Substitution

question 92

Multiple Choice

Which of the following is true of import substitution?

• A) The government encourages domestic producers to make products that can compete in the international market.
• B) The government takes steps to liberate imports and lift restrictions.
• C) The government takes steps to promote exports and subsidizes export-oriented production.
• D) The government insulates domestic producers by imposing strict tariffs and quotas.
• E) The government focuses on service-oriented imports rather than primary imports.

Understand the computation of overall rate of return on a diversified investment portfolio.

Grasp the concept of proportional and percentage relationships in real-life contexts, including budget comparisons and purity measurements.

Understand the principles of calculating percentages, fractions, and multiples in various contexts.

Compute the total and remaining capacities or budgets based on percentage allocations.

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Definitions:

Business Firm

An organization engaged in commercial, industrial, or professional activities with the aim of generating profits.

Form Utility

Conversion of raw materials, component parts, and other inputs into finished goods and services.

Converts

Converts refers to individuals who have changed their religion, belief system, or viewpoints to different ones from those previously held.

Orderly Transfer

A well-organized and systematic process of passing authority, responsibility, or information from one entity to another.