Which of the Following Is True About Export Promotion

question 75

Multiple Choice

Which of the following is true about export promotion?

• A) Export promotion is based on the infant industry argument.
• B) Export promotion requires more government intervention in the form of tariffs and quotas.
• C) Export promotion boosts domestic efficiency.
• D) Export promotion results in the replacement of low-cost foreign goods with high-cost domestic goods.
• E) Export promotion results in a decrease in the per capita GDP of a country.

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Definitions:

Number

A mathematical object used to count, measure, and label; the basic component of mathematics.

Family

A social unit consisting of parents and their children, and sometimes extended relatives, characterized by shared living arrangements and bonds.

Strangers

Individuals who are not known personally or are unfamiliar.

Ingratiation

A psychological technique aimed at making oneself more likable to others through flattery, favors, or compliance to their wishes.