WAEC Economics 2019 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Which of the following is a major advantage of establishing a tomato-processing factory in a country?
- A. local consumption will decrease
- B. more unskilled labour will be employed
- C. foreign exchange will be conservedCorrect
- D. it will attract more tourists
Explanation
When a local industry produces what would otherwise be imported/exported, foreign exchange is conserved since the country relies less on foreign sources for that product.
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