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Quick question
by annie1996 Junior Cert Business Studies — 14/06/16 3

So this question came up in my Mocks and I can't seem to find the answer anywhere in my book Outline one effect of import substitution on the balance of payments of a country. Would anyone know the answer to this ?


3 Comments
Re-Rawrr — 14/06/16
I'm not sure if this is the correct answer but I think that an effect of import substitution on the balance of payments would be that there would be a higher surplus or the imports would be lower as many people would be buying Irish made goods
ronanmurray — 14/06/16
Yeah that's right the imports go down so the surplus would go up
mathswhiz101 — 14/06/16
or defecit would go down
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