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Subjects
Class 10General KnowledgeWorld HistoryColonization and DecolonizationExpertLevel 75
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What would an expert level criticism of import substitution focus on?

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Answer and explanation

Correct answer: Protection saves domestic industry but can create efficiency and competition problems

It is necessary to understand both benefits and limits of import substitution. For exams make a balanced evaluation.

Related tags

Import-SubstitutionCriticismEconomic-Policy

Frequently asked questions

What is the correct answer to this question?

Protection saves domestic industry but can create efficiency and competition problems

Why is this the correct answer?

It is necessary to understand both benefits and limits of import substitution. For exams make a balanced evaluation.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.

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10 more MCQs
  1. 1What is the simple meaning of colonization?
  2. 2What does decolonization mean?
  3. 3Why did European powers build many colonies?
  4. 4Which European power ruled India as a colony for a long time?
  5. 5The East India Company was mainly a company of which country?
  6. 6The need for raw materials was which type of cause of colonialism?
  7. 7Under colonial rule who generally controlled local people?
  8. 8Which economic benefit did European countries get from colonies?
  9. 9Which European country had major early colonial influence in many parts of the Americas?
  10. 10Which European country had major colonial influence over Brazil?
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