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

  1. anti-dumping policies
  2. decreasing taxation on personal income ✓
  3. granting subsidies to export producers
  4. increasing import duties
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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