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WAEC Economics 2018 Question 28

Question 28

Labour Market

Local firms can help in reducing unemployment in a country when

  1. A.land acquisition becomes centralized.
  2. B.imports of substitutes are reduced.
  3. C.waste in the firm is eliminated.
  4. D.subsidies to firms are decreased.
Show the answer and explanation

Answer: B (imports of substitutes are reduced.)

Explanation

Fewer competing imports mean more sales and jobs for local firms.