Which of the Following Is One of the Three Main

Multiple Choice

Which of the following is one of the three main advantages of an import-substitution industrialization strategy?

A) The market for the industrial product already exists,as evidenced by imports of the commodity,so that risks are reduced in setting up an industry to replace imports
B) It overcomes the smallness of the domestic market and allows a developing nation to take advantage of economies of scale
C) Production of manufactured goods for export requires and stimulates efficiency throughout the economy
D) The expansion of manufactured exports is not limited by the growth of the domestic market