Which of the Following Is a Component of Import Substitution

question 10

Multiple Choice

Which of the following is a component of import substitution, an economic strategy followed by many developing countries in the post-World War II era?

• A)poor enforcement of intellectual property rights
• B)lowering nontariff barriers
• C)ending government business subsidies
• D)privatizing nationalized industries
• E)banning para-statal arrangements

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Definitions:

Opium

A narcotic drug obtained from the unripe seed pods of the opium poppy, historically used medicinally for pain relief.

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, often involving ritual observances and a moral code governing the conduct of human affairs.

Dialectical Method

A discourse between two or more people holding different points of view about a subject, who wish to establish the truth through reasoned argumentation.

Cause-and-Effect

Refers to the concept that actions or events (causes) directly lead to certain outcomes or effects.