Asked by Alysia Gordon on Jun 12, 2024
Verified
Export promotion policies try to encourage firms to produce more of the products for which the country has a comparative advantage.
Export Promotion Policies
Government initiatives aimed at encouraging firms to export more of their goods and services, enhancing a country's trade balance.
Comparative Advantage
The ability of an entity to produce a good at a lower opportunity cost than another entity, promoting trade benefits.
- Investigate the repercussions of state interventions on economic advancement and escalation.
Verified Answer
BP
Bridget PerdomoJun 14, 2024
Final Answer :
True
Explanation :
Export promotion policies are designed to encourage firms to increase production of goods in which the country has a comparative advantage, thereby maximizing the economic benefits from trade.
Learning Objectives
- Investigate the repercussions of state interventions on economic advancement and escalation.