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Economics (AS & A Level) · May / June 2024 · Paper 32 · Question 26

9708Policies to correct disequilibrium in the balance of payments

A measure encourages consumers to change spending on imports to spending on domestically produced goods. What does this describe?

  1. Aan expenditure-reducing policy
  2. Ban expenditure-switching policy
  3. Cthe law of comparative advantage
  4. Dthe Marshall–Lerner condition

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Correct answer: B. an expenditure-switching policy

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