WAEC Economics 2016 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.

48. One of the physical measures that can be used to reduce the volume of imports is the (a) reduction of personal income tax (b) removal of import duties (c) use of foreign exchange control (d) liberalization of credit for importers

A. reduction of personal income tax
B. removal of import duties
C. use of foreign exchange controlCorrect
D. liberalization of credit for importers

Explanation

If the government wishes to regulate import, foreign exchange can be regulated. For instance, they determine which product gets forex and which gets not.

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 2016 Objective More Economics past papers