A. land acquisition becomes centralized
B. imports of substitutes are reduced
C. waste in the firm is eliminated
D. subsidies to firms are decreased
Correct Answer: Option B
B. imports of substitutes are reduced
Explanation
Import substitution is a trade and economic policy which advocates replacing foreign imports with domestic production, it is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
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