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The most acceptable economic measure for trade protection is to?

Economics
JAMB 1999

The most acceptable economic measure for trade protection is to?

  • A. improve standards of living
  • B. protect infant industries
  • C. safegard strategic industries
  • D. promote foreign trade
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Correct Answer: Option B
Explanation

Protecting infant industries is a widely accepted economic measure for trade protection, as it allows new or developing industries to grow and become competitive without being overwhelmed by established foreign competitors

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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