GCE Economics 2023 Objective — Question 45
Question 45 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Trade protection will assist economic growth in developing countries if it can A. eliminate importation of all commodities B. generate enough revenue through export duties C. effectively safeguard newly established firms D. allow the importation of cheaper goods people want
- A. eliminate importation of all commodities
- B. generate enough revenue through export duties
- C. effectively safeguard newly established firmsCorrect
- D. allow the importation of cheaper goods people want
Explanation
Protectionist measures such as tariffs can help developing economies by safeguarding newly established (infant) firms from foreign competition while they grow.
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