A Government Program That Relies on High Barriers to Imported

question 11

Multiple Choice

A government program that relies on high barriers to imported goods in order to stimulate domestic production of competing goods is an example of a(n) ________ policy.

• A)primary-export-led
• B) import-substitution development
• C) outward-looking development
• D) linkage-effect

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Definitions:

Brokerage Fees

Charges that are paid to a broker for executing transactions or providing specialized services.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and gives holders voting rights and a share in the company's profits through dividends.

Fair Value Method

An accounting approach where assets and liabilities are valued based on current market prices.

Reported Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, as presented in financial statements.