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WAEC Economics 2020 Question 47

Question 47

Industrialisation

In order to discourage the importation of manufactured goods, a country should adopt

  1. A.import promotion strategy.
  2. B.export led strategy.
  3. C.liberal foreign exchange.
  4. D.import substitution strategy.
Show the answer and explanation

Answer: D (import substitution strategy.)

Explanation

Producing manufactured goods locally reduces the need to import them.