EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 19, Problem 2.3PA
To determine
Between import-substitution policy and export-promotion policy, the policy that is preferred by the domestic producers and consumers.
Concept Introduction:
The measures taken by the government to reduce the import of goods and services by promoting local businesses to develop the goods and services indigenously is known as import-substitution policy whereas the measures taken by the government to promote the export of locally produced goods and services in the global market is known as an export-promotion policy.
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Chapter 19 Solutions
EBK ECON: MACRO4
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