A ________ exists in a country when the income its residents earn from exports is equal to the money its residents pay to other countries for imports.

Name: A ________ exists in a country when the income its residents earn from exports is equal to the money its residents pay to other countries for imports.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

A balance-of-trade equilibrium occurs when the value of exports equals the value of imports, meaning the income from exports matches the payments for imports.

A ________ Exists in a Country When the Income Its