Which of the following is true of the international trade approach to development?
A) A country can develop by concentrating scarce resources on expansion of its distinctive local industries.
B) Belonging to international organizations is the overriding principle for the country.
C) Good governance is considered the principal mode of operation.
D) Businesses pay no taxes so they can export to bring in foreign exchange.
E) Businesses are not allowed to locate in some areas, in order to allow those areas to provide labor for industries.

Question

Quizplus · Accepted Answer

The international trade approach to development emphasizes a country's ability to specialize in certain industries and trade with other countries to promote economic growth. This is often achieved by focusing on developing and expanding the country's distinctive local industries.

Which of the Following Is True of the International Trade