Question

Imposing tariffs or import quotas are ways a country increases its trade deficit.

true
false

Answer 1

That's to decrease imports; less imports means less trade defecit, so false

Answer 2

How many more?

Answer 3

we are done lets tally it up....

Answer 4

Which of the following statements about a trade deficit is true?

Running a trade deficit is always bad, because it means a country is exporting more than it is importing.
Running a trade deficit is always bad, because it means a country is importing more than it is exporting.
Running a trade deficit may be the right thing to do if the deficit is used to increase productive capacity.
Running a trade deficit may be the right thing to do if the deficit is used to increase consumption.

Answer 5

If the economy is operating below the full-employment level of output, what would be the effect on the trade balance of an increase in the government’s budget deficit?

An increase in the budget deficit causes a decrease in the trade deficit.
An increase in the budget deficit causes an increase in the trade deficit.
An increase in the budget deficit causes an increase in the trade surplus.
There is no relationship between the budget deficit and the trade deficit.