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The Policy By Which Government Encourages Producers Of Export Goods To Produce And Export More In Order To Earn More Foreign Exchange Is Called ________? - Erudites Academy

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 Answer:

Option C = Export promotion

Explanation

Export promotion also called export drive is defined as 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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Tags: economics

4 years ago