Which of the following best explains why the experience of countries such as Taiwan and South Korea are used to support export-led development policies?
A) their low inflation
B) their increased FDI
C) their industry diversity
D) their rapid economic growth
Question 2
Advocates of the comparable access argument for trade protection primarily assert that domestic industries ________.
A) will deteriorate in countries that have lower import restrictions than their trading partners
B) should be required to implement export-led development policies on foreign competitors
C) are entitled to the same access to foreign markets as foreign industries have to their markets
D) are forced to lower prices for domestic consumers because of foreign import restrictions
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