Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative

question 37

Multiple Choice

Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?

• A) xport promotion
• B) import substitution
• C) international commodity agreements
• D) Infant Industry promotion
• E) intra-industry trade practice

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Definitions:

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Attrition

A natural departure of employees from organizations through quits, retirements, and deaths.

Values-Based Hiring

Values-based hiring is a recruitment strategy that focuses on aligning a candidate's personal values with the organization's values to ensure cultural fit and shared goals.

Corporate Cultures

The beliefs, values, attitudes, and behaviors shared by members of an organization, which influence its operations and environment.