O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2024 · Q301 Mark
Brazil had a balance of payments current account deficit of US$23.5 billion. Which policy is most likely to reduce the current account deficit in Brazil?
Adepreciate Brazil's currency
Breduce rates of income tax in Brazil
Creduce subsidies to Brazil's exporting firms
Dreduce tariffs on Brazil's imports
✓ Correct answer
A: depreciate Brazil's currency
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