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Chako Chako
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Posts: 2948
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8 years ago
A country's budget constraint states that
A) whether or not a country engages in trade, the value of goods consumed must be equal to the value of goods produced.
B) a country will engage in trade only if the value of goods produced exceeds the value of goods consumed.
C) unless a country engages in trade, the value of goods consumed cannot exceed the value of goods produced.
D) real income in the exporting country must be equal to real income in the importing country.
E) a country will engage in trade only if the value of goods consumed exceeds the value of goods produced.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
7 years ago
Correct!
wrote...
#3
7 years ago
Good luck
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