Which of the following is an argument in favor of outward-oriented strategy?
A)Government deficit spending tend to fall.
B)Domestic prices of imported goods tend to fall.
C)The economy grows more rapidly through exports.
D)The price of exported goods increase in the foreign markets.
E)The supply of goods and services increase in the domestic market.

Question

Quizplus · Accepted Answer

Outward-oriented strategy encourages exports and international trade, which leads to increased economic growth as the economy is not solely dependent on the domestic market. This can lead to increased investment and innovation, higher employment rates, and increased production efficiency. Therefore, the argument in favor of an outward-oriented strategy is that the economy grows more rapidly through exports.

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