Which is one of the implications of trade deficits?

A) The success of businesses
B) The import of more products
C) The loss of jobs
D) The export of more services
E) A higher standard of living

Question

Which is one of the implications of trade deficits?A) The success of businessesB) The import of more productsC) The loss of jobsD) The export of more servicesE) A higher standard of living

Hannah Throneburg · Accepted Answer

Final Answer : C, Explanation :  The loss of jobs is one of the implications of trade deficits because when a country imports more than it exports, it means that it is buying more goods and services from other countries than it is selling to them. This can lead to a loss of jobs in the domestic economy, as businesses are forced to compete with cheaper imports.

Which is one of the implications of trade deficits?

A) The success of businesses
B) The import of more products
C) The loss of jobs
D) The export of more services
E) A higher standard of living

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