Economics 2281 · O Level · Current account of balance of payments

Current account of balance of payments — practice question

Which government policy is likely to reduce a deficit on the current account of the balance of payments?

  • Aincreasing the value of the foreign exchange rate
  • Bincreasing training for workers in export industries
  • Creducing subsidies to domestic export industries
  • Dreducing tariffs on imported goods and services

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