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Which of the following is a criticism of import substitution industrialization? A. There is a constant tendency toward overvalued exchange rates. B. There is widespread

Which of the following is a criticism of import substitution industrialization? A. There is a constant tendency toward overvalued exchange rates. B. There is widespread rent seeking. C. There is misallocation of resources when governments make production decisions. D. There is urban bias. E. A and C only. F. All of the above are criticisms

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