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WAEC Commerce 1996 Question 83

Question 83

Foreign Trade

Which of the following is not a reason for imposing import duties? To

  1. A.improve balance of trade
  2. B.improve quality of goods for consumers
  3. C.obtain revenue
  4. D.protect infant industries
  5. E.prevent dumping
Show the answer and explanation

Answer: B (improve quality of goods for consumers)

Explanation

Import duties raise revenue, protect home industry, prevent dumping and correct the trade balance; they do not improve quality.