O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2020 · Q281 Mark

A country wishes to increase a current account surplus on the balance of payments. Which action would it take?

Aabolish an import quota

Bincrease import tariffs

Cremove export subsidies

Dtax export producers

✓ Correct answer

B: increase import tariffs

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2020 Paper 1 Variant 2, question 28.

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