One of the Reasons Why Import Substitution Is Popular Is

question 185

Multiple Choice

One of the reasons why 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 those who supply resources to the favored domestic industries.
• D) it slows down an economy's progress in the production chain.
• E) the emphasis is on comparative advantage and trade expansion.

---

Definitions:

Estate Assets

These are assets owned by a deceased person's estate, including real estate, bank accounts, stock, and personal property.

Claims

Financial demands or rights to payment held by creditors, policyholders, or other entities arising from contracts, law, or legal action.

Administering

The act of managing or supervising the operations and policies of an organization.