A government program that attempts to stimulate domestic production of a good in which the country has a natural comparative advantage because of its domestic resources is an example of a(n) ________ policy
A) primary-export-led
B) import-substitution development
C) outward-looking development
D) linkage-effect
A
Economics
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How is a long-run average cost curve different from a short-run average cost curve? How are they related?
What will be an ideal response?
Economics
Applying neoclassical theory to the housing market, the idea that "housing is a good investment" refers to ________
A) higher expected household income B) the inability to buy as much housing at a higher price C) an expected increase in the relative price of housing D) a decrease in the cost of building new houses
Economics