Which trade strategy have developing countries used to restrict imports of manufactured goods so that the domestic market is preserved for home producers?
A)export subsidies
B)export promotion
C)multilateral contract
D)international commodity agreement
E)import substitution

Question

Quizplus · Accepted Answer

Import substitution is a strategy used by developing countries to restrict imports of manufactured goods to protect and promote domestic industries.

Which Trade Strategy Have Developing Countries Used to Restrict Imports