Question

8. Study Question #8 Ch 7. Which of the following explain how import substitution and export promotion policies are used to aid the industrialization of developing nations? Check all that apply. Export promotion policies replace commodity exports with exports of processed primary products. Import substitution policies restrict the import of manufactured goods so that domestic producers can take over established markets. Export substitution policies restrict the import of manufactured goods so that foreign producers can take over established markets. Import promotion policies replace commodity exports with exports of end products.

Answer 1

Answer:

Import substitution policies restrict the import of manufactured goods so that domestic producers can take over established markets

Explanation:

Import substitution is an exchange arrangement where Imports of merchandise are limited and are supplanted with household products so they can assume control over the local market. Fare advancement is an exchange procedure where the residential organizations which have the caoacapa to create items that can contend with outside items are just advanced.