WAEC Economics 2021 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
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46. A country may be able to earn more from exports if she
- A. increases her export duty.
- B. devalues her currency.Correct
- C. increases her import duty.
- D. allows her currency to appreciate.
Explanation
Devaluing the currency makes exports cheaper and more attractive to foreign buyers, boosting export earnings.
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