CSEC Principles of Business · January 2013 · Paper 2 · Question 7(c)(ii)
Discuss how a country might use import quotas to deal with balance of payments problems.
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Practise this questionOther parts of this question
- 7(a)(i)a)Define the term balance of payments.[2 marks]
- 7(a)(i)b)Define the term balance of trade.[2 marks]
- 7(a)(ii)a)Describe the current account component of a country's balance of payments accounts.[2 marks]
- 7(a)(ii)b)Describe the capital account component of a country's balance of payments accounts.[2 marks]
- 7(a)(ii)c)Describe the official financing component of a country's balance of payments accounts.[2 marks]
- 7(b)Outline TWO ways in which a country can finance a balance of payments deficit.[4 marks]
- 7(c)(i)Discuss how a country might use devaluation to deal with balance of payments problems.[3 marks]
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