Which Trade Strategy Have Developing Countries Used to Restrict Imports

question 9

Multiple Choice

Which trade strategy have developing countries used to restrict imports of manufactured goods so that the domestic market is preserved for home producers?

• A) international commodity agreement
• B) export promotion
• C) multilateral contract
• D) import substitution
• E) export subsidies

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Definitions:

Productivity Growth

An increase in the efficiency of production processes, leading to a higher output of goods and services for the same input of labor and capital.

Information Workers

refer to individuals whose main job function involves producing, processing, or distributing information, often using technology.

Nation of Immigrants

Refers to the concept that a country is largely made up of immigrants and their descendants, emphasizing the diversity and multicultural aspects of its population.

Productivity Growth

An increase in the efficiency of production, often measured by the amount of goods and services produced per unit of labor.