Author Question: Production of sugar from sugar beets, as an alternative to trading for sugar made from sugar cane in ... (Read 202 times)

jazziefee · **on:** Jul 14, 2018

Production of sugar from sugar beets, as an alternative to trading for sugar made from sugar cane in a foreign, tropical country is an example of

A) import substitution.
B) comparative advantage.
C) spatial justice.
D) division of labor.
E) the law of diminishing returns.

Question 2

The concept of import substitution is best characterized as

A) purchasing imported goods to replace locally produced goods.
B) manufacturing goods that had previously been imported or available through trading.
C) exporting and importing the same type of product.
D) changing suppliers of imported goods.