What Is Import Substitution

question 139

Multiple Choice

What is import substitution?

• A) a policy that encourages domestic industry by imposing high tariffs on all imports
• B) a policy that substitutes imports for domestic products
• C) a policy of choosing among imports from several different countries
• D) a policy in which a country negotiates to have its products imported by international trade partners
• E) an international trade policy for members of the Latin American Free Trade Association

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Definitions:

Insulin

A secretion from the pancreas that plays a key role in controlling blood glucose concentrations by assisting in the transportation of glucose into the cells.

Pima Indians

A Native American group primarily living in Arizona, known for their unique genetic makeup which has been extensively studied in diabetes research.

Genetics

The branch of biology that deals with heredity and variation in organisms.

Diet

The combination of foods and beverages consumed by an individual, which can affect health and well-being.