Asked by

Pranjali Ramtekkar
on Dec 12, 2024

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The primary source of purchasing power used to buy imported goods is

A) the monetary sector.
B) the balance of payments deficit.
C) the exports of a nation.
D) taxation and other revenue-generating activities.

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Imported Goods

Products or services brought into a country from abroad for sale.

Exports

Exports refer to the goods or services sold by a country to foreign markets, which is a fundamental component of international trade.

  • Acquire knowledge on the fundamental origins of buying capability employed in purchasing foreign goods.
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TJ
Tiahna JamesDec 17, 2024
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