Economics
JAMB 2024
The following can be used to improve a country's balance of payment EXCEPT
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A.
anti-dumping policies
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B.
granting subsidies to export producers
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C.
decreasing taxation on personal income
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D.
increasing import duties
Correct Answer: Option C
Explanation
Decreasing taxation on personal income is not typically a measure used to directly improve a country's balance of payments. The balance of payments refers to the record of a country's transactions with the rest of the world, including trade in goods and services, financial transactions, and transfers.
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