WAEC Economics 2023 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
Trade protection will assist economic growth in developing countries if it can A. eliminate importation of all commodities. B. generate enough revenue through export duties. C. effectively safeguard newly established firms. D. allow the importation of cheaper goods people want.
- A. eliminate importation of all commodities
- B. generate enough revenue through export duties
- C. effectively safeguard newly established firmsCorrect
- D. allow the importation of cheaper goods people want
Explanation
Trade protection will be effective if the country can protect its infant firms and make them more productive.
Advertisement
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.