Post Utme Unn 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2023 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are equal. However, if the current account is in deficit, the country must either increase exports or decrease imports to achieve equilibrium. Which of the following policies would be most effective in achieving this equilibrium?

Answer Options

A. Increase government sp\ending to stimulate economic growth
B. Implement a trade embargo on imports
C. Increase interest rates to attract foreign investment
Correct Answer D. Decrease taxes on exports
Correct Answer
D
Correct Option:
Decrease taxes on exports

About This Question

This is Post Utme Unn 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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