Which of the Following Is One of the Disadvantages of Export-Oriented

question 36

Multiple Choice

Which of the following is one of the disadvantages of export-oriented industrialization?

• 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)Import substitution can lead to inefficient industries because of the smallness of the domestic market in many developing nations
• D)Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient.

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Definitions:

Termination

The act of ending or concluding something, such as a contract, employment, or agreement.

Misrepresentation

Deliberately providing false information to another party, leading them to make decisions they otherwise wouldn't have.

Reliance

In legal terms, it refers to the act of trusting or acting based on the promises or statements of another party, often relevant in contract law.

Marshaling of Assets

A legal principle requiring the fair and orderly distribution of a debtor's assets among creditors, especially when the debtor has multiple debts secured by the same assets.