In order to discourage the importation of manufactured goods, a country should adopt
ECONOMICS
WAEC 2020
In order to discourage the importation of manufactured goods, a country should adopt
- A. import promotion strategy
- B. export led strategy
- C. liberal foreign exchange
- D. import substitution strategy
Correct Answer: D. import substitution strategy
Explanation
Import substitution industrialization is the idea that blocking imports of manufactured goods can help an economy by increasing the demand for domestically produced goods.
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