An argument for the use of commercial policy rest on the need to

Economics

JAMB 2025

A. make imported goods affordable
B. encourage the importation of non-essential goods
C. make a country enjoy absolute advantage in production of all goods
D. reduce domestic unemployment

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Correct Answer: Option D

Explanation

Commercial policy can be used to reduce domestic unemployment by implementing protectionist measures such as tariffs and
quotas to protect domestic industries from foreign competition, thereby preserving jobs.

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An argument for the use of commercial policy rest on the need to

Correct Answer: Option D

Explanation

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