Question on: SS3 Economics - Methods of Correcting Deficit BOP
What is the potential benefit of foreign aid and loans as a method of correcting a deficit balance of payments?
View related lesson
A
It can support the country's economy and reduce the trade deficit
B
It can reduce the country's foreign debt
C
It can increase the country's foreign reserves
D
It can lead to a decrease in domestic production
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses