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:

Family Members

Individuals related by blood, marriage, or adoption, often forming a core social group known as a family.

Older Brother

A male sibling who is born before another child in a family.

Social Cognitive Theory

Albert Bandura’s expansion of social learning theory; holds that children learn gender roles through socialization.

Reinforcement

In behavioral psychology, a process by which a stimulus increases the probability of a preceding behavior by either a positive or negative reinforcement.