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Subject - Economics:

Macroeconomics

MCQ - 203-4213

Question:

Which of the following might worsen a nation’s trade deficit?

  1. Lower wages relative to other nations.
  2. Lower taxes on corporate profits relative to other nations.
  3. A higher interest rate on financial assets relative to other nations.
  4. Lower taxes on corporate profits relative to other nations.
  5. Other nations remove tariffs and quotas on foreign imports.

Correct Answer: D

Explanation:

Higher inflation to other nations causes goods to be more expensive relative to those produced abroad, causing a drop in net exports.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following might worsen a nation’s trade deficit? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 203-4213.

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