Which of the Following Is True About Export Promotion

question 75

Multiple Choice

Which of the following is true about export promotion?

• A) Export promotion is based on the infant industry argument.
• B) Export promotion requires more government intervention in the form of tariffs and quotas.
• C) Export promotion boosts domestic efficiency.
• D) Export promotion results in the replacement of low-cost foreign goods with high-cost domestic goods.
• E) Export promotion results in a decrease in the per capita GDP of a country.

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Definitions:

Continental Army

The revolutionary war army authorized by the Continental Congress in 1775, led by General George Washington, to fight against British rule.

Continental Army

A revolutionary war army established by the Second Continental Congress in 1775, led by General George Washington, to fight against British forces.

Savannah

A flat grassland ecosystem, typically found in tropical and subtropical regions, characterized by scattered trees and abundant animal life.

British Strongholds

Strategic locations controlled by the British, often referring to military or colonial sites that held significant importance.