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Economics · Oct / Nov 2020 · Paper 12 · Question 28

2281Current account of the balance of payments

A country wishes to increase a current account surplus on the balance of payments. Which action would it take?

  1. Aabolish an import quota
  2. Bincrease import tariffs
  3. Cremove export subsidies
  4. Dtax export producers

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Correct answer: B. increase import tariffs

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