One of the Drawbacks of Implementing an Import-Substitution Policy Is

question 49

Multiple Choice

One of the drawbacks of implementing an import-substitution policy is that:

• A)it makes other countries impose trade restrictions as a retaliatory measure.
• B)it makes the economy vulnerable to global economic fluctuations.
• C)it leads to brain drain,by which educated and knowledgeable resources are lost.
• D)it increases the dependence on foreign capital goods for economic growth.
• E)it increases the budget deficit of the domestic country.

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Definitions:

Seniority-Based Rewards

Compensation or benefits allocated to employees based primarily on their length of service or tenure with an organization.

Higher Turnover

An increased rate at which employees leave a company and are replaced, potentially indicating issues with job satisfaction or organizational culture.

Job Status-Based Rewards

Rewards or recognition provided to employees based on their position, title, or level within the organization.

Hoarding Resources

The act of accumulating and withholding resources from others, often to maintain control or advantage.