Inward-oriented policies
A)are generally supported by economists.
B)are primarily concerned with the development of human capital.
C)in some ways are like prohibiting the use of certain technologies.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Inward-oriented policies, such as import substitution and protectionist trade policies, can in some ways be compared to prohibiting the use of certain technologies. However, they are not generally supported by economists as they can lead to inefficiencies and reduce international trade. While they may prioritize domestic industries, they may also limit access to more advanced technologies and expertise from foreign markets. These policies are not primarily concerned with the development of human capital, which is a separate area of policy focus.

Inward-Oriented Policies