When a developing country relies on export promotion,
A)it concentrates on producing for its domestic market
B)it builds its technological and educational base and then can make more complex products for export
C)domestic producers have sufficient protection that they can afford to become inefficient
D)its government must intervene more in markets
E)None of the answers is correct

Question

Quizplus · Accepted Answer

When a developing country relies on export promotion, it focuses on building its technological and educational base to produce more complex products for export. This is because it needs to compete in international markets where efficiency and quality matter. Therefore, it invests in education, technology, and infrastructure to promote exports.

When a Developing Country Relies on Export Promotion