JAMB Economics 2021 Objective — Question 30

Question 30 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.

30. Devaluation of currency is a. Import encouraging b. Import discouraging c. Import unaffected d. None of the above

A. Import encouraging
B. Import discouragingCorrect
C. Import unaffected
D. None of the above

Explanation

Devaluation makes foreign currency more expensive relative to the local currency, making imported goods costlier and therefore discouraging imports.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2021 Objective More Economics past papers