According to this Application, the federal government's assuming the debts of the state governments that had been incurred during the Revolutionary War was seen as a way to
A) force states to be dependant on the federal government.
B) prevent rapid inflation.
C) balance the federal budget.
D) strengthen the federal government.
D
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Investors are often willing to take the risks associated with investing in capital goods in developing nations because developing nations
A) insure a small return on investment. B) always insure the investments. C) have a large portion of the world's unutilized or underutilized resources and hence profit potential. D) get the International Monetary Fund (IMF) to back investments through a series of loan guarantees.
Suppose that Argentina's dollar-denominated external assets and liabilities are $10 billion and $100 billion, respectively, and its Argentine peso-denominated external assets and liabilities are each 50 billion pesos (P). Suppose further that Argentina fixes its exchange rate at P1 = $US1. What is the dollar value of Argentina's total external wealth?
A) -$60 billion B) -$150 billion C) -$90 billion D) -$210 billion