Which of these would improve a country's balance of trade?

A rise in its imports of electronicsCorrect answerYour answerA rise in its spending on foreign travelCorrect answerYour answerA rise in its exports of steelCorrect answerYour answerA rise in foreign loansCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Higher exports of goods raise exports − imports.

Concept: Improving the trade balance
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsBalance of trade and current account balance

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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

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Which of these would improve a country's balance of trade?

Explanation