In terms of the world as a whole,imports must equal exports because
A)The United Nations requires it.
B)It is part of international law.
C)Most countries,other than the United States,have a balanced trade situation.
D)Every good exported by one country becomes an import for another country.

Question

Quizplus · Accepted Answer

Every good exported by one country becomes an import for another country, which means that imports and exports must eventually balance out on a global scale. This is known as the principle of balance of trade or current account balance, and it is not mandated by any specific international law or organization. While most countries strive to have balanced trade situations, this is not always the case, especially for larger economies such as the United States.

In Terms of the World as a Whole,imports Must Equal