A Country's Budget Constraint States That

Multiple Choice

A country's budget constraint states that

A) the value of exports must be equal to the value of imports.
B) a country will engage in trade only if the value of imports exceed the value of exports.
C) real income in the exporting country must be equal to real income in the importing country.
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.