Which of the following is an argument in favor of outward-oriented strategy?
A) It leads to a fall in government deficit spending.
B) It leads to a fall in domestic prices of imported goods.
C) It helps the economy to grow more rapidly by encouraging exports.
D) It leads to an increase in the price of exported goods in the foreign markets.
E) It leads to an increase in the supply of goods and services in the domestic market.

Question

Quizplus · Accepted Answer

An outward-oriented strategy encourages exports, which can lead to faster economic growth by increasing the demand for locally produced goods and services. This can also lead to job creation and increased income. Options A, B, and D do not necessarily result from an outward-oriented strategy, and option E could result from both inward and outward-oriented strategies depending on the specific policies adopted.

Which of the Following Is an Argument in Favor of Outward-Oriented