Quelpr
6 marksTaxation and Fiscal Policy

CSEC Principles of Business · January 2016 · Paper 2 · Question 7(c)

Explain TWO ways in which governments can address a balance of payments deficit.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 7(a)(i)Define the term 'international trade'.[2 marks]
  2. 7(a)(ii)Outline THREE reasons why countries trade with each other.[6 marks]
  3. 7(b)(i)Differentiate between 'balance of trade' and 'balance of payments'.[4 marks]
  4. 7(b)(ii)List TWO components of a balance of payments account.[2 marks]

More practice: the rest of this paper · more Taxation and Fiscal Policy questions · all CSEC Principles of Business past papers