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JAMB Economics 2008 Question 39

Question 39

International Trade

The export-promotion strategy is aimed at producing

  1. A.consumer goods originally imported
  2. B.machinery for industries
  3. C.more goods for exports
  4. D.more goods for domestic consumption
Show the answer and explanation

Answer: C (more goods for exports)

Explanation

Export promotion encourages firms to produce more goods for sale abroad to earn foreign exchange.