O-LevelEconomicsInternational trade and globalisation2281/12 · May/June 2023 · Q301 Mark
Country X has a persistent deficit on the current account of the balance payments. Which policy measure is most likely to improve this situation?
Alowering import quotas
Blowering income tax
Clowering import tariffs
Dlowering export subsidies
✓ Correct answer
A: lowering import quotas
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill International trade and globalisation and see which topics are most likely to come up next.
Sign up free →