Import substitution policies make use of
A)production subsidies granted to industries with comparative advantage.
B)quotas applied to goods that are shipped abroad.
C)production facilities provided by industrialized countries.
D)tariffs that discourage goods from entering a country.
E)tax breaks granted to industries with comparative advantage.

Question

Quizplus · Accepted Answer

Import substitution policies aim to reduce dependency on foreign goods by encouraging domestic production. Tariffs are used to make imported goods more expensive, thus discouraging their entry and promoting local industry.

Import Substitution Policies Make Use of