Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative
Multiple Choice
Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?
A) export promotion
B) import substitution
C) international commodity agreements
D) Infant Industry promotion
E) intra-industry trade practice
Correct Answer:

Verified
Correct Answer:
Verified
Q16: The HPAE "economic miracle" illustrates a clear
Q17: The HPAE (High Performance Asian Economies) countries<br>A)
Q18: Import substitution policies make use of<br>A) tariffs
Q19: The infant industry argument is that<br>A) comparative
Q20: The development of countries like South Korea
Q22: The growth successes of the high performance
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q24: The disappointment with import-substitution policies is in
Q25: The infant industry argument was an important
Q26: Sophisticated theoretical arguments supporting import-substitution policies include<br>A)