WAEC Economics 2018 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a measure for reducing balance of payments deficits?
- A. export drive
- B. reducing tariffsCorrect
- C. adding to export goods
- D. increasing local production
Explanation
Reducing tariffs would tend to increase imports, worsening (not reducing) a balance of payments deficit.
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