A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.

A) microfinanciers
B) the World Bank
C) the International Monetary Fund
D) a government

Industrial Policy

A strategic effort by a government to encourage the development and growth of specific sectors or industries within the economy.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, typically seen through increases in income, education, and health.

World Bank

A worldwide financial agency offering loans and grants aimed at funding capital improvements in less affluent nations through governmental channels.