India needs more imports of raw materials such as textiles, steel, and heavy machinery and fewer imports of finished textiles, paper products, and automobiles. In the context of industrial structures, India is most likely a(n) ________ economy.
A) subsistence
B) totalitarian
C) raw material exporting
D) agrarian
E) industrializing

Question

Quizplus · Accepted Answer

India's need for more imports of raw materials and fewer imports of finished goods indicates an industrializing economy, where the focus is on increasing domestic manufacturing and production capabilities. This is in contrast to a subsistence or agrarian economy, which would rely more heavily on agriculture and self-sufficiency, or a raw material exporting economy, which would focus more on exporting raw materials rather than importing them. Totalitarianism, a form of government control, is not directly related to the structure of an economy.

India Needs More Imports of Raw Materials Such as Textiles