The Ghana government’s policy of reducing or abolishing tariffs on some imports is a normal practice to enhance import substitutionA. TrueB. False
Question
The Ghana government’s policy of reducing or abolishing tariffs on some imports is a normal practice to enhance import substitutionA. TrueB. False
Solution
B. False
The policy of reducing or abolishing tariffs on some imports is typically used to encourage imports, not to enhance import substitution. Import substitution is a policy that encourages domestic industries by reducing competition from foreign imports. This is often achieved through the use of tariffs, quotas, and other trade barriers, not by reducing or abolishing them.
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