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.
The 'terms of trade' means ...
Livestock production in West Africa is hindered mainly by ...
Balance of payments of a country explains the overall position of? ...
When population is classified according to professions, it is called ...
Market supply may increase if there is an increase in the_______ ...
A state budget is an outline of planned ...
A country's terms of trade can be improved by ____? ...
The total fixed cost curve is ...
Performance of one task in a production process is known as ...
In the table, the marginal cost when output is two, units is ...