A government wants to reduce the current account deficit on the balance of payments. What is an example of an expenditure-reducing policy?
A.
a devaluation of the currency
B.
a subsidy on domestic production
C.
a tariff on imports
D.
an increase in income taxes
Exam No：9708_w24_qp_33 Year：2024 Question No：26
Answer:
D
Knowledge points:
6.5.1 government policy objective of stability of the current account
6.5.2 effect of fiscal, monetary, supply-side and protectionist policies on the current account
Solution:
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