Economics · International Trade
Which of the following is considered a non-monetary trade policy measure, rather than a monetary measure, to correct a disequilibrium in the balance of payments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exchange control policies
- 2Direct reduction in imports through quotas and tariffs✓
- 3Controlled deflation of domestic prices
- 4Devaluation of currency
Correct answer
Direct reduction in imports through quotas and tariffs
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