Which of the following is not an argument in favor of export promotion over import substitution?
A)International competition compels domestic producers to become more efficient.
B)Exposure to world markets provides greater opportunities to learn new technologies.
C)Producing for export permits greater specialization and economies of scale.
D) Outward-looking development promotes larger firms.

Question

Quizplus · Accepted Answer

Option D is not an argument in favor of export promotion over import substitution. Both export promotion and import substitution can promote the growth of larger firms.

Which of the Following Is Not an Argument in Favor