An effective policy to reduce a trade deficit in a small open economy would be to:
A) increase tariffs on imports.
B) impose stricter quotas on imported goods.
C) increase government spending.
D) increase taxes.

Question

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The Answer of An effective policy to reduce a trade deficit in a small open economy would be to:
A) increase tariffs on imports.
B) impose stricter quotas on imported goods.
C) increase government spending.
D) increase taxes.

An Effective Policy to Reduce a Trade Deficit in a Small