Concept:Balance of payments deficits are reduced by measures that decrease imports or increase exports.
Explanation:Tariffs are taxes imposed on imported goods.
When tariffs are increased, imports become more expensive, so their demand falls.
This helps reduce the balance of payments deficit.
Therefore, reducing tariffs would make imports cheaper and increase the import bill.
This would worsen, not reduce, the balance of payments deficit.
All other options—export drive, adding to export goods, and increasing local production—help reduce imports or boost exports.
Answer:B. reducing tariffs