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WAEC Economics 2023 Question 45

Question 45

International Trade

Trade protection will assist economic growth in developing countries if it can

  1. A.eliminate importation of all commodities.
  2. B.generate enough revenue through export duties.
  3. C.effectively safeguard newly established firms.
  4. D.allow the importation of cheaper goods people want.
Show the answer and explanation

Answer: C (effectively safeguard newly established firms.)

Explanation

Protection helps growth by sheltering infant industries until they can compete.