WAEC Economics 2022 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following measures can lead to an increase in exports?
- A. Increase in export duties
- B. Increase in excise duties
- C. Depreciation of currencyCorrect
- D. Total ban on imports
Explanation
A depreciation of a country's currency makes its exports cheaper for foreign buyers, thus increasing export volumes.
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