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.
Was this explanation helpful?
Something wrong or missing? Tell us — we read every report and fix issues fast.