Debt service
A) is rarely an issue for high-income countries.
B) always makes a country worse off for having borrowed.
C) is a problem when the amount of debt is small relative to the size of the economy.
D) tends to benefit low- and middle-income countries at the expense of high-income countries.
A
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A decrease in the discount rate will
A) have an unclear effect on the money supply. B) decrease the money supply. C) increase the money supply. D) not affect the money supply.
A consumer's budget constraint is
A) the limited income that a consumer has to spend on goods and services. B) the extent to which one's preferences are limited by one's income. C) the price ratio a consumer faces in the marketplace. D) the rate at which the consumer must give up one good to purchase an additional unit of the other goods in the market.