The best way to avoid national budget deficits is to increase our exports and decrease our imports.
Level of Learning 2: Understanding of concepts and principles

Question

Quizplus · Accepted Answer

While increasing exports and decreasing imports can contribute to balancing a trade deficit, it is not the only or best way to avoid national budget deficits. Other factors, such as government spending and taxation, also play important roles.

The Best Way to Avoid National Budget Deficits Is to Increase