-Adopting direct controls by the government to limit the volume of imports.
-Use of devaluation or expenditure switching policy.
-Through adjusting capital inflows or movement within the country.
-Use of expenditure reducing policies within the country.
-Adjusting the income exchange rates so as to minimize the trade deficit. .
-Stimulating exports and imports substitutes within our country.
-Adjustment through exchange depreciation thus affecting the price effect.
franco crick answered the question on February 27, 2018 at 08:45
- Discuss the effects of inflation in Kenya and their possible solutions.
(Solved)
Discuss the effects of inflation in Kenya and their possible solutions.
Date posted: February 23, 2018. Answers (1)
- Explain the concept of consumer sovereignty(Solved)
Explain the concept of consumer sovereignty
Date posted: February 22, 2018. Answers (1)
- Define the term inefficiency as used in the simple productions possibility model(Solved)
Define the term inefficiency as used in the simple productions possibility model.
Date posted: February 22, 2018. Answers (1)
- State the assumptions necessary to represent production possibilities in a simple production possibilities curve model(Solved)
State the assumptions necessary to represent production possibilities in a simple production possibilities curve model.
Date posted: February 22, 2018. Answers (1)
- State three components of economic efficiency(Solved)
State three components of economic efficiency.
Date posted: February 22, 2018. Answers (1)
- Define the term economic policy as used in microeconomics(Solved)
Define the term economic policy as used in microeconomics.
Date posted: February 22, 2018. Answers (1)
- Explain the difference between microeconomics and macroeconomics(Solved)
Explain the difference between microeconomics and macroeconomics.
Date posted: February 22, 2018. Answers (1)
- State and explain the types of isoquants in microeconomics(Solved)
State and explain the types of isoquants in microeconomics
Date posted: February 22, 2018. Answers (1)
- What is an isocost line?(Solved)
What is an isocost line?
Date posted: February 22, 2018. Answers (1)
- Why is an isoquant negatively inclined?(Solved)
Why is an isoquant negatively inclined?
Date posted: February 22, 2018. Answers (1)
- What does the slope of an isoquant represent?(Solved)
What does the slope of an isoquant represent?
Date posted: February 22, 2018. Answers (1)
- State five assumptions of isoquants(Solved)
State five assumptions of isoquants.
Date posted: February 22, 2018. Answers (1)
- What is the difference between an isoquant and an indifference curve?(Solved)
What is the difference between an isoquant and an indifference curve?
Date posted: February 22, 2018. Answers (1)
- State the similarities of isoquants and indifference curves(Solved)
State the similarities of isoquants and indifference curves
Date posted: February 22, 2018. Answers (1)
- Give measures an entrepreneur would take to gain a competitive edge over other competitors(Solved)
Give measures an entrepreneur would take to gain a competitive edge over other competitors.
Date posted: February 21, 2018. Answers (1)
- Under indifference curve analysis, a consumer is considered to be at equilibrium when certain conditions are met, state these conditions(Solved)
Under indifference curve analysis, a consumer is considered to be at equilibrium when certain conditions are met, state these conditions.
Date posted: February 21, 2018. Answers (1)
- Define properties of indifference curves in economics(Solved)
Define properties of indifference curves in economics
Date posted: February 21, 2018. Answers (1)
- Outline two schools of accessing consumer utility(Solved)
Outline two schools of accessing consumer utility.
Date posted: February 21, 2018. Answers (1)
- State three types of goods which disobey the law of demand(Solved)
State three types of goods which disobey the law of demand.
Date posted: February 20, 2018. Answers (1)
- Distinguish between the following terms: demand curve and demand schedule, ordinal utility theory and cardinal utility theory, consumer surplus and producer surplus, arc elasticity and point elasticity(Solved)
Distinguish between the following terms:
demand curve and demand schedule
ordinal utility theory and cardinal utility theory
consumer surplus and producer surplus
arc elasticity and point elasticity
Date posted: February 20, 2018. Answers (1)