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WAEC Economics 2023 Question 46

Question 46

Balance of Payments and Exchange Rates

A government may cause a favourable change in her invisible trade account by

  1. A.increasing the export of her primary products.
  2. B.imposing high tariff on exports.
  3. C.developing tourism and other services.
  4. D.encouraging people to go for medical treatment abroad.
Show the answer and explanation

Answer: C (developing tourism and other services.)

Explanation

Tourism and other services are invisible exports.