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.
The technical relationship between input combination and maximum attainable output is called ...
The amount of labour a producer hires relative to labour factor inputs depends on the ...
The major characteristics of an undeveloped nation is ...
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is ...
In most underdeveloped countries, development plans do not achieve their objective due to ...
From the table above, find the values of E and F respectively ...
External dis-economies of scale result from excessive growth of ...
The use of interest rates to control the money supply is a ...