Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 19
9708Policies to correct imbalances in the current account of the balance of payments
Which policy is most likely to help to correct an adverse balance on the current account of the balance of payments?
- Aabolishing tariffs
- Bdepreciating the currency
- Creducing direct taxes
- Dreducing indirect taxes
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Correct answer: B. depreciating the currency
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