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WAEC Commerce 2008 Question 20

Question 20

Foreign Trade

Which of the following cannot be used to regulate importation?

  1. A.Import quota
  2. B.Import licence
  3. C.Imposition of embargo
  4. D.Increase of excise duty.
Show the answer and explanation

Answer: D (Increase of excise duty.)

Explanation

Excise duty falls on local goods, so it does not control imports.