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Why is the development of domestic industries in a country called import substitution? a. People in the country will buy domestic goods instead of imported

Why is the development of domestic industries in a country called import substitution? a. People in the country will buy domestic goods instead of imported ones. b. It encourages foreign investments from multinational corporations. c. It encourages free trade by removing tariffs and other trade barriers. d. The country's economy will rely on exporting goods

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