A balance-of-payments surplus for the United States can be corrected by

Question

Quizplus · Accepted Answer

Reducing tariffs on foreign goods would make imports cheaper and increase the demand for foreign goods. This would help to reduce the balance-of-payments surplus by increasing the amount of money leaving the country. Increasing taxes or increasing quotas on foreign goods would likely have the opposite effect, reducing demand for foreign goods and potentially worsening the surplus.

A Balance-Of-Payments Surplus for the United States Can Be Corrected