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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 importsubstitution 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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