The Essence of Outward-Looking Development Is That It

question 6

Multiple Choice

The essence of outward-looking development is that it:

• A) relies on primary exports until domestic industry is efficient enough to compete in export markets.
• B) gets prices right and lets the free market dictate the development of manufactured exports.
• C) establishes an incentive system that induces firms to seek export markets.
• D) subsidizes export-oriented manufacturing firms.

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Definitions:

Hypomania

A mental state characterized by elevated mood, increased activity or energy levels, and often reduced need for sleep, without the full-blown symptoms of mania.

Ion Activity

The effective concentration of an ion in solution, influenced by interactions with other ions, which affects its ability to participate in chemical reactions and processes.

Bipolar Disorder

A psychological disorder marked by significant mood oscillations, featuring elevated states (mania or hypomania) and depressive episodes.

Transmitting Messages

The act of sending information, signals, or communication from one person, device, or place to another.