Most Newly Industrialized Countries (NICs) Have Moved Away from Restrictive

question 81

Multiple Choice

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result, these countries have

• A) attracted both trade and foreign direct investment.
• B) become poor importers as well as exporters.
• C) experienced low gross national income.
• D) stepped up their protectionist policies.
• E) majorly given up on their domestic markets.

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Definitions:

Employment Trends

Patterns or changes in the job market and employment practices over a period, often analyzed to predict future employment scenarios.

External Labor Market

The pool of potential job candidates from outside the organization.

Engineering Graduate

An individual who has completed a degree program in engineering, equipping them with technical and analytical skills for problem-solving in various sectors.

Contract Worker

An individual employed on a non-permanent basis to complete specific tasks or projects, typically operating under a formal agreement.