Week 6 Part 3

Play an AI-generated podcast conversation about this lesson

An approach prioritizing local industries over export markets

An economic strategy focusing on producing goods for international markets (correct)

A strategy promoting foreign investment in domestic industries

An economic policy aiming to reduce reliance on imported goods

Crop failures, export-focused economic policies, and social/political issues (correct)

Trade imbalances, foreign intervention, and cultural practices

Inadequate agricultural technology, global market fluctuations, and government corruption

Overpopulation, lack of infrastructure, and natural disasters

Prioritizing imported goods over domestic production

Promoting domestic industries by reducing reliance on imported goods (correct)

Encouraging international trade partnerships for economic growth

Focusing on attracting foreign investment in domestic markets

Significant role in shaping trade patterns and establishing control over territories Signup and view all the answers

Setting standards and negotiating with suppliers Signup and view all the answers

Tax breaks and reduced regulations Signup and view all the answers

A country's ability to produce goods more efficiently than others Signup and view all the answers

Labor costs, infrastructure, and trade policies Signup and view all the answers

Podcast Beta