Countries with larger debts in terms of absolute value are worse off than countries with smaller debts.
Answer the following statement true (T) or false (F)
False
The absolute size of a country's debt is less relevant compared to its debt relative to assets, as these assets generate the income necessary to repay the debt.
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What is a zero-sum game? Can you think of any zero-sum games in real life?
What will be an ideal response?
An increase in the real interest rate outside of the United States will cause net capital outflows to ________ and cause the dollar to ________ relative to other currencies
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
A labor union is likely to seek all of the following EXCEPT
A) economic improvements for their members. B) safer working conditions. C) increased competitiveness in the labor market. D) increased job security for its members.
Which of the following statements correctly characterizes the colonial commodity trade deficit?
a. The Middle colonies had the largest commodity trade deficit. b. The Southern colonies exported more to Great Britain & Ireland than they imported. c. The colonies experienced commodity trade deficits not only in their trade with England, but also in trade with Southern Europe and Africa. d. The colonies had a commodity trade deficit with Great Britain, but a commodity trade surplus once all trades were taken into account.