What is a characteristic of inward-oriented policies?
A) They are generally supported by economists.
B) They are primarily concerned with the development of human capital.
C) They are in some ways like prohibiting the use of certain technologies.
D) They are generally rejected by domestic producers in import-competing industries.

Question

Quizplus · Accepted Answer

Inward-oriented policies, such as import substitution, aim to protect domestic industries from foreign competition. This can be akin to prohibiting the use of certain technologies by limiting access to foreign products and innovations, thereby encouraging the use of domestically produced goods and technologies.

What Is a Characteristic of Inward-Oriented Policies