Import substitution involves replacing _ with locally produced goods through the use of _ to protect domestic industries. What are the correct terms to fill in the blanks?

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exports, government grantsexports, intellectual property rightsimports, elevated tariffs or import restrictionsimports, financial aid

Explanation

Import substitution refers to replacing imported goods with products made domestically, often supported by protective measures such as high tariffs or import quotas to shield local industries from foreign competition.

Import substitution involves replacing _____ with locally produced goods through the use of _____ to protect domestic industries. What are the correct terms to fill in the blanks?

Explanation

Import substitution involves replacing _ with locally produced goods through the use of _ to protect domestic industries. What are the correct terms to fill in the blanks?