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 ?
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