The best way to avoid national budget deficits is increase our exports and decrease our imports.

Question

Quizplus · Accepted Answer

While increasing exports and decreasing imports can improve a country's balance of trade, it is not the only solution to avoiding national budget deficits. Deficits can also be reduced by increasing government revenue through taxation and reducing government spending. Additionally, a sole focus on exports can lead to trade tensions with other countries and harm domestic industries that rely on imports.

The Best Way to Avoid National Budget Deficits Is Increase