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 services D. encouraging people to go for medical treatment abroad
- 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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