Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

Country X is facing a continuing deficit on the current account of the balance payments. Which policy measure would be most likely to reduce this problem?

  • Alowering import quotas
  • Blowering income tax
  • Clowering import tariffs
  • Dlowering export subsidies

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI