Comparative advantage is always a(n) ________ concept

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 peso value of Argentina's total external wealth?

A) -60 billion pesos B) -150 billion pesos C) -0 billion pesos D) -90 billion pesos

A nation’s capital consists mainly of stocks, bonds, and other financial assets.

Answer the following statement true (T) or false (F)