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WAEC Geography 2015 Question 47

Question 47

Transport, Trade and Tourism

One of the usefulness of import tariff on imported goods is the

  1. A.encouragement of importation from abroad.
  2. B.multiplication of foreign goods in local markets.
  3. C.protection of infant industries.
  4. D.saving of money in foreign accounts.
Show the answer and explanation

Answer: C (protection of infant industries.)

Explanation

Tariffs make imports dearer, protecting young local industries from foreign competition.