The following can be used to improve a country’s balance of payment EXCEPT
Source: JAMB · 2024
The following can be used to improve a country’s balance of payment EXCEPT
Explanation
Balance of payments improves by boosting exports or reducing imports. Cutting personal income tax does neither directly.
Anti-dumping rules, export subsidies, and import duties all help by making local goods more competitive.
Personal income tax changes affect domestic spending, not international trade balance.
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