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JAMB Economics 1982 Question 22

Question 22

International Trade

The purpose of import duties does NOT include the

  1. A.generation of revenue for government
  2. B.protection of domestic industries
  3. C.promotion of international trade
  4. D.conservation of foreign exchange earnings
  5. E.control of consumption pattern.
Show the answer and explanation

Answer: C (promotion of international trade)

Explanation

Import duties make imports dearer and so reduce trade; they raise revenue, protect local industry, save foreign exchange and discourage some consumption.