Which of the Following Correctly Identifies the Difference Between Export

question 114

Multiple Choice

Which of the following correctly identifies the difference between export promotion and import substitution as approaches to economic growth?

• A)Export promotion is based on the infant industry argument,while import substitution is based on the level playing field argument.
• B)Export promotion requires more government intervention in the form of tariffs and quotas,while import substitution requires minimum government intervention.
• C)Export promotion boosts domestic efficiency,while import substitution leads to inferior products being supplied by domestic producers and lowers efficiency.
• D)Export promotion results in the replacement of low-cost foreign goods with high-cost domestic goods,while import substitution leads to the replacement of high-cost foreign goods with low-cost domestic goods.
• E)Export promotion results in a decrease in the per capita GDP of a country,while import substitution results in an increase in the per capita GDP of a country.

---

Definitions:

Removable Flash Memory

Removable flash memory refers to portable storage devices such as USB flash drives or memory cards that use flash memory to store data temporarily or permanently.

Memory Card

A small, removable storage device used for storing data in electronic devices like cameras and smartphones.

Inches

A unit of length in the imperial and US customary systems, equal to 1/12 of a foot or exactly 2.54 centimeters.

Online Social Network

A platform on the internet where users can connect, share, and communicate with each other.