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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