A country's budget constraint states that real income in the exporting country must be
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Social Studies, 10.04.2020 20:51, 20alondra04
A country's budget constraint states that real income in the exporting country must be
A. equal to real income in the importing country.
B. the value of exports must be equal to the value of imports.
C. a country will engage in trade only if the value of imports exceed the value of exports.
D. "unless a country engages in trade, the value of exports cannot exceed the value of goods produced."
E. a country will engage in trade only if the value of exports exceeds the value of imports.
Answers: 2
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