In the Classical Model,when an Open Economy Has Balanced Trade,Say's

question 131

True/False

In the classical model,when an open economy has balanced trade,Say's law does not hold.

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Definitions:

Perpetual Inventory System

An inventory management method where updates are made continuously as inventory items are bought and sold.

Liability

Financial obligations or debts that a company owes to others.

Discount Period

The Discount Period refers to a specific timeframe during which a buyer can pay less than the full invoice amount as an incentive for early payment.

Credit Terms

Conditions under which credit is extended by a seller to a buyer, including payment period, discount for early payment, and late penalty.