Answered

One problem that may result when a nation imports more than exports is?

a)taxes on imports

b)high unemployment

c)falling government revenues

d)low prices on imported goods

Verified Answer :

Erudite1

The correct option is B.
When a country imports more goods than the ones it export out, then such a country is experiencing a trade deficit. The disadvantages of trade deficit include: unemployment, decline in currency value, increase in interest rates and a high degree of foreign direct investment.
When most of the goods that are used in a country is gotten from other countries abroad, this will incapacitate the domestic businesses and some of them may close down leading to unemployment.

miklin101

The answer you were looking for is: B

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