Which of the following is true about import substitution?...
Which of the following is true about import substitution? It
Helps in increasing exportation
Is meant to reduce exportation
Enables a country to curtail importation
Enables a country to improve on importation
Correct answer is C
Import substitution is a policy advocating for replacing foreign imports with domestic production. It is aimed at reducing the importation of foreign goods.
One method through which the Central Bank can restrict the commercial banks' power of credit exp...
The theory of absolute advantage was propounded by ...
Which of the following is a direct tax? ...
A point P, the marginal rate of substitution is ...
Public expenditure on services, such as education and health, is known as expenditure on ...
Efficiency in production involves ...