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Question
In most less developed countries, the initial target of import substitution is to promote domestic production of(a) consumer goods.
(b) food and other agricultural goods.
(c) capital goods.
(d) manufactured intermediate goods.
Answer
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Related questions
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(b) reduce the quantity of goods exported.
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Which of the following is a nontariff barrier policy tool?
(a) Sanitary regulations.
(b) Average duties.
(c) Phased liberalization.
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(b) seeks to stabilize commodity prices.
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The effective rate of protection is
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(c) value added without protection.
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(d) prices of primary products have risen over time.