Which of the following is true about import substitution? it

Economics

WAEC 2012

A. helps in increasing exportation
B. is meant to reduce exportation
C. enables a country to curtail importation
D. enables a country to improve on importation

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Correct Answer: Option C

Explanation

Import substitution is a policy advocating for replacing foreign imports with domestic production. It is aimed at reducing the importation of foreign goods.

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Which of the following is true about import substitution? it

Correct Answer: Option C

Explanation

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