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WAEC Economics 2022 Question 45

Question 45

International Trade

An argument for the use of commercial policy rests on the need to

  1. A.make imported goods affordable
  2. B.reduce domestic unemployment
  3. C.encourage the importation of non-essential goods
  4. D.make a country enjoy absolute advantage in production of all goods
Show the answer and explanation

Answer: B (reduce domestic unemployment)

Explanation

Restricting imports protects local industries and the jobs in them.