Export-Led Growth Policy Involves

question 33

Multiple Choice

Export-led growth policy involves:

• A) favoring industries that export goods over those that only produce domestically consumed goods through high tariffs.
• B) investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world.
• C) encouraging private investment in industries that currently export goods, rather than those expanding domestically.
• D) discouraging imports with high tariffs.

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Definitions:

Consumer Purchase Decision

The process a consumer goes through in choosing a particular product or service, influenced by internal and external factors.

Financial Transaction

An agreement or exchange between two parties involving the transfer of money, goods, services, or property.

Alternative Evaluation

The process in which consumers assess various products, brands, or services to make an informed decision before making a purchase.

Consumer Purchase Decision

The process through which a consumer goes to select, purchase, use, and dispose of goods or services.