Import substitution as a strategy of industrialization is...
Import substitution as a strategy of industrialization is the
Replacement of locally produced goods with imported ones
Development of locally produced goods with imported ones
Establishment of firms to process imported raw materials
Act of using local inputs to produce goods for export
Correct answer is B
Import substitution as a strategy of industrialization is a trade policy that advocates for the replacement of foreign imported goods with locally made goods.
If the total fixed cost is the same regardless of output, the average fixed cost will be ...
A sustained increase in the per capita income of a country over a period of time is called ...
If children and the aged dominate the population of a country, this results in ...
The U-shape of the long run average cost curve can be explained by the ...
Which of the following will shift the demand curve for Milo to the right? ...
A point along a consumer's indifference curve shows ...
The Malthusian theory of population does not concern itself with ...