In order to discourage the importation of manufactured go...
In order to discourage the importation of manufactured goods, a country should adopt
Import promotion strategy
Export led strategy
Liberal foreign exchange
Import substitution strategy
Correct answer is D
Import substitution industrialization is the idea that blocking imports of manufactured goods can help an economy by increasing the demand for domestically produced goods.
The logical sequence of basic concepts in economics is ...
Production covers all but one of the following activities: ...
The Net National Product (NNP) is Gross National Product (GNP) less ...
In equilibrium, injections are equal to ...
In the long run, as individuals receive higher wages, it causes ...
Which of the following financial institutions was originally known as a Building Society? ...
Which of following is not a feature of socialism? ...