Which of the following steps comes first in the law-making process?

Import-substitution industrialization is an economic development strategy that involves replacing imported goods with those produced domestically in order to encourage domestic growth

a. True b. False Indicate whether the statement is true or false

Which best defines a quota?

a. Taxes assessed on goods coming into a country b. The selling of a product as a price below the cost in the home market c. A restriction on the quantity of goods that can be imported to or exported from a country d. All of these are true.