Import substitution is the process of developing local industries to manufacture goods to
A. import.
B. export.
C. replace exports.
D. replace imports.
Answer: D
Economics
You might also like to view...
A movement along a supply curve is induced by a change in
A) input prices. B) taxes and subsidies. C) price expectations. D) the product's own price.
Economics
Time series variables fail to be stationary when
A) the economy experiences severe fluctuations. B) the population regression has breaks. C) there is strong seasonal variation in the data. D) there are no trends.
Economics
As a result of a quota, both consumers' surplus and producers' surplus fall
Indicate whether the statement is true or false
Economics
A $1,000 price tag on a Coach handbag in a department store is an example of money serving as a
A. medium of exchange. B. unit of accounting. C. store of value. D. an investment tool.
Economics