One of the physical measures that can be used to reduce t...
One of the physical measures that can be used to reduce the volume of imports is the
Reduction of personnel income tax
Removal of imports duties
Use of foreign exchange control
Liberalization of credit for importers
Correct answer is C
Foreign exchange control is the procedure by which a government intervenes in the foreign exchange market, banning or restricting sales and purchases of local currencies by non-residents as well as sales and purchases of foreign currencies by residents. When there is no foreign exchange to engage in international trade, imports will fall.
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