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WAEC Economics 2026 Question 21

Question 21

Industrialisation

A country can increase her rate of industrialization by

  1. A.liberalizing importation of consumer goods
  2. B.increasing corporate taxes on companies
  3. C.liberalizing exchange control for investors
  4. D.increasing interest rate on borrowing by investors
Show the answer and explanation

Answer: C (liberalizing exchange control for investors)

Explanation

Easier access to foreign exchange helps investors import machines and inputs.