————- is NOT the cause of balance of payments (BOP) …

JAMB Economics 2023 49 views

————- is NOT the cause of balance of payments (BOP) deficits in Nigeria

  1. Poor performance of non-oil sector
  2. No import substitution strategies
  3. High servicing of debt
  4. Export promotion ✓

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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