Get premium membership and access questions with answers, video lessons as well as revision papers.

Measures undertaken to lower level of imports

      

Measures undertaken to lower level of imports

  

Answers


Peter
i) Raising import duty
ii) Imposing a quota / limiting maximum quantity which can be imported
iii) Lowering allocation of foreign currency
iv) Complicating import procedures / administrative bottlenecks
v) Moral persuasion on citizens to consume local products
vi) Imposing a total ban/ zero quota on imports
vii) Over-valuation of local currency

Musyoxx answered the question on March 10, 2018 at 08:55


Next: Factors government should consider before borrowing
Previous: Services of retailers to wholesalers

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions