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WAEC Economics 2022 Question 46

Question 46

International Trade

Which of the following measures can lead to an increase in exports?

  1. A.Increase in export duties
  2. B.Increase in excise duties
  3. C.Depreciation of currency
  4. D.Total ban on imports
Show the answer and explanation

Answer: C (Depreciation of currency)

Explanation

A cheaper currency makes exports cheaper abroad.