WAEC Economics 2012 Objective — Question 47
Question 47 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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Which of the following is true about import substitution? It
- A. helps in increasing exportation
- B. is meant to reduce exportation
- C. enables a country to curtail importationCorrect
- D. enables a country to improve on importation
Explanation
Import substitution enables a country to curtail (reduce) importation of goods that can now be produced domestically.
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