Which of the following would help reduce our trade deficit?
A)Reduce our trade deficit with China
B)Lower our dependence on oil imports
C)Reduce our consumption habits
D)Maintain our productivity growth
E)All of the choices would help reduce our trade deficit.

Question

Quizplus · Accepted Answer

All of the choices would help reduce our trade deficit. A reduction in the deficit with China would be beneficial, but it alone would not solve the problem. Lowering our dependence on oil would reduce the amount of money leaving the country to pay for imports and reduce the deficit. Reducing our consumption habits would lower the demand for imported goods, which would reduce the deficit. Maintaining productivity growth would help to boost our exports and reduce our reliance on imports, further helping to shrink the trade deficit. Therefore, all of the choices would contribute to reducing our trade deficit.

Which of the Following Would Help Reduce Our Trade Deficit