Export-led growth tends to
A) exploit domestic comparative advantages.
B) discourage competition in the global economy.
C) lead to unemployment among domestic workers.
D) help firms benefit from diseconomies of large-scale production.

Question

Quizplus · Accepted Answer

Export-led growth focuses on exploiting a country's comparative advantages, which can lead to increased productivity and economic growth. This strategy encourages specialization and can lead to increased employment and incomes in certain industries. It does not necessarily discourage competition or lead to unemployment, and it may also allow firms to benefit from economies of scale.

Export-Led Growth Tends to