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    Question

    The concept of “Minimum Export Price” (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.

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