A surplus nation can reduce its payments imbalance by:
A) Applying tariffs and trade restrictions on imports
B) Revaluing its national currency
C) Increasing its labor productivity
D) Setting higher interest rates than its trading partners

Question

Quizplus · Accepted Answer

Revaluing its national currency makes exports more expensive and imports cheaper, reducing the trade surplus.

A Surplus Nation Can Reduce Its Payments Imbalance By