After 1958,which of the following was a measure undertaken by the United States to correct the rapidly growing balance-of-payments deficits?

Question

Quizplus · Accepted Answer

Direct controls were placed on capital outflows, such as taxes on foreign investments, to prevent excessive outflow of capital and improve the balance of payments situation. Option A is incorrect because increasing unconditional foreign aid would have worsened the balance of payments situation. Option B is incorrect because increasing military spending would have increased the budget deficit and worsened the balance of payments situation. Option D is incorrect because discouraging exports and imports would have reduced international trade and worsened the balance of payments situation.

After 1958,which of the Following Was a Measure Undertaken by the United