Which of the Following Would Increase the Trade Deficit

question 47

Multiple Choice

Which of the following would increase the trade deficit?

• A) Foreign countries subsidizing their exports.
• B) The U.S. government reducing the budget deficit.
• C) An increasing preference of American consumers for domestically made products.
• D) A tax on imports.

Investigate the cultural and ideological shifts in America due to the war.

Examine the long-term social implications of World War II on American society.

Understand the factors influencing real hourly compensation changes in the United States.

Compare international hourly wages effectively.

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Definitions:

Income Subsidies

Income subsidies are financial assistance programs provided by governments to individuals or households to help them afford essential needs, thereby increasing their income.

Economic Inefficiency

A situation where resources are not allocated optimally, leading to wastage or less than maximal output in an economy.

Food, Conservation, and Energy Act

U.S. legislation enacted in 2008 aimed at governing a wide range of agricultural and food policies, including crop insurance and nutritional programs.

Target Price

A pre-set price determined by a company or government at which a product, especially in agriculture, is aimed to be sold in the market.