Question

Which of the following is used to help maintain a more favorable balance of trade by a country? a. Establishing exchange controls b. Limiting imports c. Changing political systems d. Increasing gross domestic product e. Limiting exports

Answer 1

B. LIMITING IMPORTS

Step-by-step explanation:

Balance of Trade is difference between value of exports & imports of a country .

If : Value of Exports = Value of Imports : BOT is balanced

Value of Exports > Value of Imports : Surplus BOT

Value of Imports > Value of Exports : Deficit BOT

Favourable BOT balance can be established by : Increasing Exports ,

b.) Decreasing Imports