Tariff and nontariff barriers are key tools most important to which economic strategy?
A)import substitution
B)liberalism
C)export-oriented industrialization
D)centralized developmentalism
E)product life cycle

Question

Quizplus · Accepted Answer

Import substitution involves using tariff and nontariff barriers to protect domestic industries from foreign competition by restricting imports and encouraging local production.

Tariff and Nontariff Barriers Are Key Tools Most Important to Which