GCE Economics 2023 Objective — Question 46
Question 46 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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A government may cause a favourable change in her invisible trade account by
- A. increasing the export of her primary products
- B. imposing high tariff on exports
- C. developing tourism and other servicesCorrect
- D. encouraging people to go for medical treatment abroad
Explanation
Invisible trade covers services such as tourism, aviation, shipping and insurance. Developing tourism and other services improves a country's invisible trade account.
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