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WAEC Commerce 2006 Question 40

Question 40

Government and Business

Which of the following is not a reason for nationalization?

  1. A.Encouraging foreign investors
  2. B.Reducing the remittance of profits abroad
  3. C.Training local entrepreneurs
  4. D.Controlling the country's key industries
Show the answer and explanation

Answer: A (Encouraging foreign investors)

Explanation

Nationalisation tends to discourage foreign investors.