A government may cause a favourable change in her invisible trade account by
ECONOMICS
WAEC 2023
A government may cause a favourable change in her invisible trade account by
- A. developing tourism and other services
- B. imposing high tariff on exports
- C. encouraging people to go for medical treatment abroad
- D. increasing the export of her primary products
Correct Answer: A. developing tourism and other services
Explanation
A government may cause a favourable change in her invisible trade account by developing tourism and other services. Invisible trade account records the movement of services across borders. It includes items such as tourism, transportation, insurance, and royalties.
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