When a Developing Country Relies on Import Substitution,_____

question 44

Multiple Choice

When a developing country relies on import substitution,_____.

• A)it capitalizes on the gains from specialization and comparative advantage
• B)it replaces high-cost domestic goods with low-cost foreign goods
• C)domestic producers,shielded from foreign competition,usually become more efficient
• D)other countries often retaliate with their own trade restrictions
• E)it concentrates on producing only for the international market

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Definitions:

Thoughts

Mental cognitions, ranging from ideas and beliefs to memories and reasoning, that occur in the human mind.

Replicability

The ability of a study or experiment to be duplicated or replicated by other researchers to verify its findings.

Lung Cancer

A type of cancer that begins in the lungs, often associated with smoking, but can also occur in non-smokers due to various factors.

Smoking

The act of inhaling and exhaling the smoke of burning plant materials, such as tobacco, often associated with health risks and addiction.