passwella.
Menu

WAEC Economics 2013 Question 30

Question 30

International Trade

The introduction of tariffs and quotas

  1. A.reduce the prices of imports.
  2. B.increase the demand for locally made goods.
  3. C.discourage domestic industries from becoming more efficient.
  4. D.reduce the prices of locally made goods.
Show the answer and explanation

Answer: B (increase the demand for locally made goods.)

Explanation

Imports become dearer or scarcer, so people buy more local goods.