Answer: Option D
Answer: (d)
Broadly speaking, there are three possible methods to correct Balance of Payments (BOP) imbalances.
These methods are adjustments of
exchange rates;
adjustment of a nations internal prices along with its levels of demand; and
rules-based adjustment.
This can be achieved by vigorous import substitution which means export promotion and devaluation of local currency as then it makes export cheaper to the international market.