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MCQ
Fill in the Blanks
If there is an imbalance in the trade balance (more imports than exports), it can be reduced by ______.
Options
decreasing customs duties
increasing export duties
stimulating exports
stimulating imports
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Solution
If there is an imbalance in the trade balance (more imports than exports), it can be reduced by stimulating exports.
Concept: Balance of Trade Vs Balance of Payments
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