An example of policies designed to encourage the development of new industries whose products can be readily exported would be:

Question

Quizplus · Accepted Answer

Providing subsidies to domestic industries that exploit the country's comparative advantage would encourage the development of new industries whose products can be readily exported. This policy would incentivize domestic industries to invest in and produce goods that the country is naturally more competitive in compared to other countries. This would lead to increased exports and the growth and expansion of new industries. The other options - taxing exports, subsidizing imports, and imposing tariffs on imports - would likely have the opposite effect and discourage the development of new industries for export.

An Example of Policies Designed to Encourage the Development of New