Economists Favor Export Promotion Over Import Substitution as a Policy

question 32

Multiple Choice

Economists favor export promotion over import substitution as a policy for economic growth because:

• A)it provides infant industries with a protected market.
• B)it favors replacing high-cost foreign goods with low-cost domestic goods.
• C)it improves the efficiency of foreign producers.
• D)it emphasizes comparative advantage and trade expansion.
• E)it emphasizes trade restrictions and helps provide a market for domestic goods.