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One of the drawbacks of implementing an import - substitution policy is that: a . it increases the dependence on foreign capital goods for economic

One of the drawbacks of implementing an import-substitution policy is that:
a.
it increases the dependence on foreign capital goods for economic growth.
b.
it makes other countries impose trade restrictions as a retaliatory measure.
c.
it increases the budget deficit of the domestic country.
d.
it leads to brain drain, by which educated and knowledgeable resources are lost.
e.
it makes the economy vulnerable to global economic fluctuations.

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