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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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