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Which of the following is true about import substitution? it

Which of the following is true about import substitution? it
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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
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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