Export-led growth policy involves:
A. favoring industries that export goods over those that only produce domestically consumed goods through high tariffs.
B. investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world.
C. encouraging private investment in industries that currently export goods, rather than those expanding domestically.
D. discouraging imports with high tariffs.
B. investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world.
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The marginal product is the slope of the:
a. marginal cost curve. b. total cost curve. c. total product curve. d. long-run average total cost curve
With the followings is NOT one of the reasons why quantitative easing in and of itself will not necessarily be stimulative?
A) Most of the resulting increase in the monetary base just flows into holdings of excess reserves. B) Banks just add to their holdings of excess reserves instead of making loans. C) The asset purchase program involves only the purchase of short-term government securities. D) The asset purchase program involves only the purchase of long-term government securities.