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

Commerce

WAEC 2001

A. Increasing imports
B. Increasing exports
C. Decreasing import
D. Devaluation

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Correct Answer: Option A

Explanation

Exports should be encouraged by granting various bounties to manufacturers and exporters. At the same time, imports should be discouraged by undertaking import substitution and imposing reasonable tariffs.

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

Correct Answer: Option A

Explanation

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