Economics 9-1 0987: International Trade and Globalisation Topical Past Paper Questions

A country's balance of payments goes into a current account deficit. What is most likely to increase immediately as a consequence of this deficit? What is most likely to increase immediately as a consequence of this deficit? A economic growth B exchange rate C money supply D unem…

A government wishes to reduce the deficit on the current account of its balance of payments. Which policy should it adopt? A increase subsidies on exports B increase taxes on its exports C remove an embargo on imports D remove tariffs on its imports

The diagram shows the value of a country's exports and imports of goods over five years. Between which two years did the country have an increase in the value of imports and an improvement in its balance of trade in goods? A 1 and 2 B 2 and 3 C 3 and 4 D 4 and 5