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WAEC Commerce 2001 Question 31

Question 31

Foreign Trade

Which of the following is not used to correct an adverse balance of payment?

  1. A.Increasing imports
  2. B.Increasing exports
  3. C.Decreasing imports
  4. D.Devaluation
Show the answer and explanation

Answer: A (Increasing imports)

Explanation

An adverse balance means imports are too high, so increasing imports would make it worse.