JAMB Commerce 2007 Question 34

Question 34

Foreign Trade

A major setback of international trade is

  1. A.inadequate exports
  2. B.economic sanctions
  3. C.devaluation of currency
  4. D.exchange rate appreciation.
Show the answer and explanation

Answer: B (economic sanctions)

Explanation

Economic sanctions stop or limit trade with a country, which badly hurts international trade.