Post Utme Covenant University 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice

Question 25 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

A government is considering a policy to promote industrialization in a developing country. U\sing the concept of comparative advantage, explain how the government can use trade policies to promote industrialization and increase economic growth.

Answer Options

A. The government can use trade policies such as tariffs and quotas to protect domestic industries and promote industrialization.

Correct Answer B. The government can use trade policies such as free trade agreements and investment incentives to attract foreign investment and promote industrialization.

C. The government can use trade policies such as export subsidies and tax breaks to promote industrialization and increase economic growth.

D. The government can use trade policies such as import substitution and export promotion to promote industrialization and increase economic growth.

Correct Answer

Correct Option:

The government can use trade policies such as free trade agreements and investment incentives to attract foreign investment and promote industrialization.

About This Question

This is Post Utme Covenant University 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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