The Relationship Between Import Substitution Policies and Export-Led Development Policies

question 58

Multiple Choice

The relationship between import substitution policies and export-led development policies is best characterized by which of the following?

• A)Import-substitution policies are more likely to lead to production of mature products, whereas export-led development policies result in production of growth products.
• B)The two are hard to distinguish because production under import substitution may eventually be exported.
• C)Production under import substitution policies, as opposed to export-led development policies, is more likely to be located in urban areas.
• D)Production under import substitution policies, as opposed to export-led development policies, is likely to be more labor-intensive.

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Definitions:

Criterion-related Validity

The extent to which a measure is associated with an external criterion or outcome, assessing the test's predictive or concurrent accuracy.

Content Validity

The extent to which a test measures all aspects of the concept it intends to measure.

Criterion-related Reliability

A measure of how well a test predicts or correlates with a specific outcome or behavior, used to assess the validity of the test for specific purposes.

Construct Validity

The extent to which a test or instrument measures the theoretical concept or construct that it is intended to measure.