A small amount of international debt can become a heavy burden on a developing economy if
a. interest payments are a large percentage of export revenues
b. a trade surplus develops
c. the economy grows rapidly
d. the country becomes more developed
e. total borrowings exceed the $50 million level fixed by the IMF
A
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When we keep part of our wealth in a bank checking account, we are using money as a ________ because ________
A) store of value; we are holding the money to exchange for goods at a later time B) medium of exchange; we are holding the money to gain interest earned C) barter token; we are holding the money to exchange for goods at a later time D) unit of account; we are holding the money to exchange for goods at a later time E) unit of currency; we have agreed upon the value of the money with bank
Suppose four companies in an industry are considering a merger. Their market shares are: Company A 25%, Company B 16%, Company C 12%, and Company D 40%. Which of the following represents their score using the HHI method?
a. 93 b. 656 c. 1,600 d. 2,625