Which of the Following Is Not an Argument in Favor

question 50

Multiple Choice

Which of the following is not an argument in favor of export promotion over import substitution?

• A)international competition compels domestic producers to become more efficient.
• B)exposure to world markets provides greater opportunities to learn new technologies.
• C)producing for export permits greater specialization and economies of scale.
• D)outward-looking development promotes larger firms.

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Definitions:

Total Costs

The sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.

Prime Cost

Direct materials cost plus direct labor cost.

Cost Of Goods Manufactured

The total expense incurred to produce goods over a specific period, including labor, materials, and overhead.

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the financial health of a company's core activities.