Bert26
Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

One problem that may result when a nation imports more than it exports is _____.


Sagot :

Gibbs
One problem that may occur when a nation imports more than it exports is that the country might have trouble securing foreign currency reserves necessary to buy vital resources such as oil. By exporting goods countries obtain and maintain levels of currency reserves which allow them to purchase goods and services in the international market. Without these currency reserves transactions are more difficult. 
the nation will be in debt because they are buying more then they are selling and therefore they need to borrow money and then when they don't get the money back by selling things they become in debt