WAEC Commerce 2021 Question 46

Question 46

Foreign Trade

The income generated from tourism forms part of the country's

  1. A.visible imports.
  2. B.visible exports.
  3. C.invisible imports.
  4. D.invisible exports.
Show the answer and explanation

Answer: D (invisible exports.)

Explanation

Tourism is a service sold to foreigners who spend money in the country, so it earns invisible exports.