A Country Is Said to Be a Balance-Of-Trade Equilibrium When

Multiple Choice

A country is said to be a balance-of-trade equilibrium when ___________________.

A) the income that its residents earn from the export of manufactured goods equals the income that its residents earn from the export of services
B) the income that its residents earn from exports is equal to the money that its residents pay for imports
C) the income that its residents earn from exports in the current fiscal year is equal to the income that its residents earned from exports in the previous fiscal year
D) the income that its residents earn from the export of raw materials is equal to the income that its residents earn from the export of manufactured goods
E) the income that its residents earn from the export of goods and services is equal to the amount residents pay for foreign debt