A debtor nation is a country that
A) during its entire history has consistently run a capital account deficit.
B) borrows more from the rest of the world than it lends to it.
C) lends more to the rest of the world than it borrows from it.
D) during its entire history has invested more in the rest of the world than other countries have invested in it.
E) during its entire history has borrowed more from the rest of the world than it has lent to it.
E
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The curve labeled A in the above figure will shift rightward when
A) the price level falls. B) technology increases. C) population falls. D) the price level rises.
Discuss the meaning of the phrase of supply-side economics, discussing how it is similar and different from the traditional classical model. Make sure to discuss the role of the Laffer curve in supply-side theory
What will be an ideal response?