Which of the following is true of import-substitution strategies?
A)They generally focus on specialization based on comparative advantage.
B)They dominate the strategies of the developed world.
C)They focus on the production of exportable.
D)These strategies lower the price of the domestically produced goods than the imported goods.
E)They generally require the removal of import barriers like tariffs or quotas.

Question

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The Answer of Which of the following is true of import-substitution strategies?
A)They generally focus on specialization based on comparative advantage.
B)They dominate the strategies of the developed world.
C)They focus on the production of exportable.
D)These strategies lower the price of the domestically produced goods than the imported goods.
E)They generally require the removal of import barriers like tariffs or quotas.

Which of the Following Is True of Import-Substitution Strategies