If a country imposes a barrier on trade, the resultant effect will be ________
A halt in buying and selling
High quality goods from local industries
An increase in the demand for locally produced goods
Shutdown of infant industries
Correct answer is C
No explanation has been provided for this answer.
If a country's import bill is high, she can encourage exports by__________
Allowing her currency to depreciate
Allowing her currency to appreciate
Liberalizing importation
Increasing taxes on all locally produced goods
Correct answer is A
No explanation has been provided for this answer.
Records of a country's invisible trade are recorded in her_____________.
Trade account
Capital account
Current account
Financial account
Correct answer is C
No explanation has been provided for this answer.
A measure that can be adopted to correct a country 's balance of payments deficit is ___________
Allow the currency to appreciate to encourage imports
Allow the currency to depreciate to encourage imports
Adopt import substitution strategy
Restrict trade with all countries
Correct answer is C
No explanation has been provided for this answer.
A floating exchange rate means that the exchange rate is fixed by the _________
Central bank of the country
Forces of demand and supply
International monetary fund (IMF)
Ministry of Finance
Correct answer is B
No explanation has been provided for this answer.