An argument for the use of commercial policy rest on the ...
An argument for the use of commercial policy rest on the need to
Make imported goods affordable
Reduce domestic unemployment
Encourage the importation of non-essential goods
Make a country enjoy absolute advantage in production of all goods
Correct answer is D
Commercial policy may be defined as one that helps in accelarating the rate of economic development. by enabling the under-developed country to have larger share of the gains from trade, by augmenting the rate of capital formation and by promoting industrialization and maintaining equilibrium in the balance of payments.
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In the diagram I refers to the calculation of national income through the ...
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