One of the outcomes of a country continually operating with a trade deficit is
A) an increase in successful businesses.
B) an increase in the number of exported products.
C) an increase in unemployment.
D) a decrease in the number of imported products.
E) a higher standard of living.

Question

Quizplus · Accepted Answer

A trade deficit is defined as a nation's negative balance of trade, which exists when that country imports more products than it exports. Trade deficits are harmful because they can mean the failure of businesses, the loss of jobs, and a lowered standard of living.

One of the Outcomes of a Country Continually Operating with a Trade