Which of the Following Is One of the Three Main

question 7

Multiple Choice

Which of the following is one of the three main disadvantages of an import-substitution industrialization strategy?

• A)It may be very difficult for developing nations to set up export industries because of the competition from the more established and efficient industries in developed nations
• B)Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient
• C)Developed nations often provide a high level of effective protection for their industries producing simple labor-intensive commodities in which developing nations already have or can soon acquire a comparative advantage
• D)Foreign firms are induced to establish so-called tariff factories to overcome the tariff wall of developing nations.

Understand the role of objectivity, subjectivity, and the possibility of paradigm shifts in social science research.

Comprehend the process of creating, analyzing, and managing representative samples in sociological studies.

Understand the application of ethnographic methods beyond academic purposes, specifically in commercial aspects such as advertising.

Grasp the concept of the Heisenberg uncertainty principle in physics and its analogous phenomenon of reactivity in sociological research.

---

Definitions:

Unearned Revenue

Money received by a company for goods or services that have yet to be delivered or performed.

Liability

Financial obligations or debts that a company owes to outside parties, which must be settled over time through the transfer of economic benefits.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.

Current Assets

Resources anticipated to be turned into cash, sold, or used up within a year or during the business's usual operating period, if that period extends beyond a year.