2.5 - TRADE POLICY: IMPORT SUBSTITUTION
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Practice Questions
Test your understanding with targeted questions
What does import substitution aim to achieve?
💡 Hint: Think about domestic vs foreign production.
Name one method of protection used in trade policy.
💡 Hint: What is a tax on imports?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary goal of import substitution?
💡 Hint: Think about domestic production focus.
True or False: Import substitution can lead to improved competition and product quality.
💡 Hint: Consider the lack of competitive pressure on local producers.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Evaluate the impact of India’s trade policies on global trade relationships in the late 20th century.
💡 Hint: Consider how isolation affects diplomacy and trade agreements.
Propose a balanced approach for India that encourages domestic production while fostering international trade.
💡 Hint: Think about combining protection with an export push.
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