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A Measure That Can Be Adopted To Correct A Country's Balance Of Payments Deficit Is - Erudites Academy

A measure that can be adopted to correct a country’s balance of payments deficit is

by | Mar 28 | Economics WAEC | 0 comments

A. Allow the currency to appreciate to encourage imports.
B. Allow the currency to depreciate to encourage imports
C. Adopt import substitution strategy
D. Restrict trade with all countries

Correct Answer:

Option C = Adopt import substitution strategy

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