If a country is currently borrowing more from the rest of the world than it is lending to the rest of the world, the country is a
A) net borrower.
B) debtor nation.
C) net lender.
D) creditor nation.
A
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Which of the following is an example of a commodity money?
A) gold coins B) dollar bills C) British pound notes D) Japanese yen notes
According to studies by Goldin and Skoloff (1982) and Craig and Field-Hendry (1993), the female-to-male wage ratio in the early 1800s
a. was higher in the North than in the South. b. is comparable to the ratio in 1860. c. encouraged the adoption and success of the Waltham system. d. was greater than one.
The command economy predominates in countries like North Korea and Cuba
a. True b. False Indicate whether the statement is true or false
A nation benefits from international trade if it
a. exports more than it imports. b. imports more than it exports. c. imports goods for which it is a low opportunity cost producer. d. exports goods for which it is a low opportunity cost producer.