A Country's Budget Constraint States That

question 49

Multiple Choice

A country's budget constraint states that

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

---

Definitions:

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Unconscious

A part of the mind that contains thoughts, memories, and desires not within conscious awareness, but can influence behavior and emotions.

Conscious

The quality or state of being aware of an external object or something within oneself.