Question

A strategy focusing on development of heavy industry is sometimes preferred for a developing economy because it can ____________.

• A. generate employment opportunity on a large scale
• B. provide a strong base for rapid industrialization
• C. contain inflationary pressures
• D. meet the deficits in Balance of Payments in the short run

Answer 1

Answer: (B)

provide a strong base for rapid industrialization

A strategy for development of heavy industry is sometimes preferred for a developing economy because it can provide a strong base for rapid industrialization.