The policy by which government encourages produ... - JAMB Economics 2018 Question
The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________
A
Sales promotion
B
Term of trade
C
Export promotion
D
International trade
correct option: c
Export promotion is any policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange. Such measures include: reduction of export duties, subsidy for export based industries etc.
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