Question

Creating export processing zones, passing tax laws that favor businesses, and encouraging outsourcing __________.A.are actions NGOs can take to benefit growing economiesB.are typical ways in which the US helps other nations' economiesC.are ways that have helped developing economies to growD.have not been successful in fostering economic success

Answer 1

Answer:

C. are ways that have helped developing economies to grow

Explanation:

Developing economies are generally faced with the challenges of imbalance in trade characterized by more imports than exports. Exports in these economies are mostly raw materials as these economies are generally technologically underdeveloped and consequently import technological goods.

To encourage local businesses therefore, tax incentives and export processing zones are offered- such as would including helping businesses by eliminating import duties in material imports for manufacturing purposes. Also outsourcing is encouraged whereby experts from other developed countries are hired(outsourced) for manufacturing purposes in local businesses.

Answer 2

Answer: C. Are ways that helped developing economics to grow

Explanation:

When ease of doing business in an economy is high, by putting laws and policy like favorable tax law and export free zone the economy of that nation will grow.

Consumption drives economic growth and favorable tax reduces price of good and services which tends to increase purchasing power of the consumers.

Outsourcing create employment which provide income for consumers to consume.