When a Developing Country Relies on Import Substitution,_____

question 44

Multiple Choice

When a developing country relies on import substitution,_____.

• A)it capitalizes on the gains from specialization and comparative advantage
• B)it replaces high-cost domestic goods with low-cost foreign goods
• C)domestic producers,shielded from foreign competition,usually become more efficient
• D)other countries often retaliate with their own trade restrictions
• E)it concentrates on producing only for the international market

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Definitions:

Levels Of Management

The hierarchical structure within an organization that classifies positions from top management (executives) through middle management down to lower-level management.

Ethical Tone

The overall mood or climate of an organization as it relates to ethics, set by leadership and reflected in the organization's culture and behavior towards ethical decision-making.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone; accountability.

Social Audit

A systematic assessment of an organisation’s accomplishments in areas of social responsibility.