Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative

question 294

Multiple Choice

Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?

• A) Export promotion
• B) Import substitution
• C) International commodity agreements
• D) Multilateral contract

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Definitions:

Thin Client

A computer that relies heavily on another system (its server) to perform its computational roles and applications, characterized by its minimal local storage and computational requirements.

Hardware

The physical components of a computer system, such as the CPU, hard drive, and RAM, necessary for the operation of software.

Secondary Storage

Non-volatile storage that is not directly accessible by the computer's CPU, used for storing data long-term.

Magnetic Tapes

A data storage medium used for recording digital information, which consists of a thin ribbon of plastic coated with particles that can be magnetized in different ways to represent data.