Costa Rican textile producers who successfully push American textile products out of local Costa Rican markets have, in economic terms, accomplished what?
A) import stabilization
B) import substitution
C) market-friendly globalization
D) trade liberalization

Question

Quizplus · Accepted Answer

The successful push of American textile products out of local Costa Rican markets indicates the adoption of import substitution policies, where domestic producers replace imported goods with domestically produced goods. This policy aims to promote local industries and reduce reliance on imported goods, leading to increased economic self-sufficiency.

Costa Rican Textile Producers Who Successfully Push American Textile Products