One way of reducing our trade deficit would be to get Americans to

A) save more and consume more.
B) save more and consume less.
C) save less and consume less.
D) save less and consume more.

Question

One way of reducing our trade deficit would be to get Americans toA) save more and consume more.B) save more and consume less.C) save less and consume less.D) save less and consume more.

Katherine Buchanan · Accepted Answer

Final Answer : B, Explanation :  Saving more and consuming less would mean that Americans are reducing their demand for foreign goods and services, which would lessen the amount we import and ultimately reduce our trade deficit. Saving less and consuming more would increase our demand for foreign products, worsening the trade deficit. Saving less and consuming less would not necessarily have a significant impact on the trade deficit.

One way of reducing our trade deficit would be to get Americans to

A) save more and consume more.
B) save more and consume less.
C) save less and consume less.
D) save less and consume more.

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