A government policy which is likely to encourage massive importation of goods into a country is the?
Question 1 Report
A government policy which is likely to encourage massive importation of goods into a country is the?
Answer Details
A government policy that is likely to encourage massive importation of goods into a country is the relaxation of currency control. This policy involves easing restrictions on the movement of currency in and out of a country, which makes it easier for businesses to import goods from foreign countries. When currency controls are relaxed, it becomes easier for businesses to access foreign currencies, which they can use to pay for imports. As a result, there is a higher likelihood of massive importation of goods into the country. This policy can be detrimental to local industries, as it can lead to increased competition from foreign goods, which may be cheaper and of higher quality, leading to the decline of local industries.
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