When a country follows an inward-oriented strategy, it tends to produce:
a. only tertiary goods.
b. goods in which it has an absolute advantage.
c. only labor-intensive goods.
d. goods for which no export barriers exist.
e. goods that replace foreign manufactured products.
e
Economics
You might also like to view...
Which of the following is true?
A) Opportunity costs are the same as explicit costs. B) A firm's net income is the same as its accounting profit. C) If a firm's accounting profits are positive, its economic profits must also be positive. D) A firm's accounting profit is equal to its economic profit.
Economics
Suppose the seller of a used car provides unverifiable information about its quality to a prospective buyer. Unverifiability will reduce the cost of formulating a contract
Indicate whether the statement is true or false
Economics