In order to correct adverse balance of payments... - WAEC Economics 2015 Question
In order to correct adverse balance of payments problem, government should?
A
reduce tariffs
B
increase subsidies on exports
C
increase tax on local industries
D
reduce personal income tax
correct option: b
Methods of correcting adverse balance of payments
Well- known Methods of Correcting in Adverse Balance of Payment
- Trade Policy Measures: Expanding, Exports and Restraining Imports
- Expenditure-Reducing Policies
- Tight Monetary Policy
- Contractionary Fiscal Policy
- Expenditure – Switching Policies: Devaluation
- Devaluation: Marshall Lerner Condition
Please share this, thanks:
Add your answer
No responses