When a country follows an inward-oriented strategy, it tends to produce:
A)only tertiary goods.
B)goods in which it has a comparative advantage.
C)only labor-intensive goods.
D)goods for which no export barriers exist.
E)goods that replace foreign manufactured products.

Question

Quizplus · Accepted Answer

An inward-oriented strategy focuses on replacing foreign imports with domestically produced goods to reduce dependency on foreign markets.

When a Country Follows an Inward-Oriented Strategy, It Tends to Produce