šŸ“¢ Too many exams? Don’t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!


    Question

    The concept of ā€œMinimum Export Priceā€ (MEP) is

    primarily used to:
    A Boost import substitution Correct Answer Incorrect Answer
    B Increase export volume Correct Answer Incorrect Answer
    C Prevent under-invoicing and protect domestic supply Correct Answer Incorrect Answer
    D Encourage foreign direct investment Correct Answer Incorrect Answer

    Solution

    MEP is the lowest price below which an item cannot be exported. It is imposed by the government to prevent under-invoicing of agricultural exports, stabilize domestic prices, and ensure domestic availability of essential commodities.

    Practice Next
    More Biology Science Questions
    ask-question