Is there an error with the following statement? If yes, explain.
When exports decrease, imports tend to increase. This could lead to a reduction in employment and income levels, and prices may increase.
(1 point)
Responses
There is not an error with this statement.
There is not an error with this statement.
There is an error. A decrease in exports and an increase in imports tends to result in a decrease in prices.
There is an error. A decrease in exports and an increase in imports tends to result in a decrease in prices.
There is an error. When exports decrease, imports also tend to decrease.
There is an error. When exports decrease, imports also tend to decrease.
There is an error. A decrease in exports and an increase in imports tends to result in a rise in income levels.