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JAMB Commerce 2006 Question 1

Question 1

Tourism

Tourism can be classified as

  1. A.tangible import
  2. B.intangible import
  3. C.visible export
  4. D.invisible export
Show the answer and explanation

Answer: D (invisible export)

Explanation

When foreign tourists spend money in Nigeria, the country earns foreign exchange for a service, so tourism is an invisible export.