Which of the following is not likely to represent a strategy by the government of Country X to reduce its balance-of-trade deficit with Country Y?

Question

Quizplus · Accepted Answer

Removing a tariff on goods imported from Country Y would likely increase imports from Country Y, potentially worsening Country X's balance-of-trade deficit with Country Y, rather than reducing it. The other options (A, B, C) are strategies that could help Country X reduce its trade deficit by either making its exports more competitive or encouraging domestic production.

Which of the Following Is Not Likely to Represent a Strategy