Question: The only way in which a current account deficit can be supported by a country in the long run is by A. importing more goods
The only way in which a current account deficit can be supported by a country in the long run is by
A. importing more goods and services than it is exporting.
B. increasing tariffs on exports.
C. selling off assets to foreigners.
D. reducing production.
E. increasing outward flow of FDI.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
