Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 25

9708Policies to correct disequilibrium in the balance of payments

In 2018, the United States (US) government introduced tariffs on a wide range of imports from China. Which type of policy was the US government adopting?

Aexpenditure-reducing
Bexpenditure-switching
Cexpansionary monetary
Dcontractionary monetary

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Correct answer: B. expenditure-switching

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