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.
Correct Answer:
Verified
Correct Answer:
Verified
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