When Industrialization Is Outward Oriented,foreign Exchange Is

question 28

Multiple Choice

When industrialization is outward oriented,foreign exchange is

• A)Encouraged and exporting is promoted.
• B)Discouraged and exporting is not favored.
• C)Not welcomed.
• D)Used to fund governments in power.

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Definitions:

Population Growth

The increase in the number of individuals in a population, often measured as an annual percentage.

Labor Force Growth

The increase in the number of individuals who are able and willing to work in a particular economy over time.

Legal Immigration

The process by which individuals from other countries move to a new country to reside permanently in accordance with its laws.

Economic Effects

The broad impact of financial activities and policies on a country's economy, including factors like growth, employment, and inflation.