Economics · May / June 2023 · Paper 12 · Question 30
2281Current account of the balance of payments
Country X has a persistent deficit on the current account of the balance payments. Which policy measure is most likely to improve this situation?
- Alowering import quotas
- Blowering income tax
- Clowering import tariffs
- Dlowering export subsidies
As printed in the paper
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Correct answer: A. lowering import quotas
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