Inward-oriented policies include imposing tariffs and other trade restrictions.

Question

Inward-oriented policies

include imposing tariffs and other trade restrictions.

have generally increased productivity and growth in the countries that pursued them.

promote the production of goods and services that the country produces most efficiently.

All of the above are correct.

include imposing tariffs and other trade restrictions.

have generally increased productivity and growth in the countries that pursued them.

promote the production of goods and services that the country produces most efficiently.

All of the above are correct.

Explanation / Answer

The answer is option (A).

Inward oriented policy is a policy where the. Country follows import substitution, by imposing high tariffs on imports.. and closing itself from the outside market. It is a type of policy which our country India followed post liberalisation

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