Which of the Following Is Not One of the Three

question 24

Multiple Choice

Which of the following is not one of the three main disadvantages of an import-substitution industrialization strategy?

• A)Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient
• B)Import substitution can lead to inefficient industries because of the smallness of the domestic market in many developing nations
• C)After the simpler manufactured imports are replaced by domestic production,import substitution becomes more and more difficult and costly as more capital-intensive and technological advanced imports have to be replaced by domestic production
• D)Unhappy domestic producers who will not like the tariff barriers in their respective industries.

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Definitions:

Influence Agent

An individual or entity that has the power to affect the perceptions and actions of others.

Compliance

The act of adhering to rules, standards, or laws set by authoritative bodies, or the state of being in accordance with these requirements.

Behavior Change

The process of modifying actions, habits, or responses through various techniques and strategies.

Sequencing

The process of arranging objects, actions, or information in a specific order, often for clarity, effectiveness, or logical progression.