WAEC Commerce 2024 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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18. An adverse balance of payment could be corrected through A.
- A. increase in imports.
- B. increase in exports.Correct
- C. reduction of exports.
- D. removal of tariffs.
Explanation
Adverse balance of payments means that total imports exceed total export. Thus, one of the surest ways to correct it is by increasing export.
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