macroeconomics

(Import Substitution Versus Export Promotion) Explain why domestic
producers who supply a good that competes with imports would prefer
an import-substitution approach to trade policy rather than an export-
promotion approach. Which policy would domestic consumers prefer
and why?

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  1. Do a little research, then take a shot. What do you think?

    Hint: Be sure to understand import substitution policies vs export promotion policies. Hint2. How will foreign countries respond to such policies?

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