Over its history, Brazil has borrowed more from the rest of the world than it has loaned to the rest of the world. Brazil
A) eventually will have a balance of payments account that does not balance.
B) is a debtor nation.
C) is a creditor nation.
D) has no current account balance.
B
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In 2008, the Bank of England increased the country's money supply and lowered its interest rate. This policy was designed to
A) encourage people to buy more goods and services. B) shift the aggregate demand curve rightward. C) cause a movement up along the aggregate demand curve. D) Both A and B are correct.
Tina Makumbi imports sesame oil from Ethiopia and sells to a market that has a downward sloping demand curve.The demand curve indicates that some consumers are willing to pay $1.50 or more per pound for the first few pounds, but every consumer gets to buy at the market clearing price of $0.50 per pound. The difference between the most that consumers would pay and the actual amount they do pay is
called a. exporter surplus b. trade balance c. producer surplus d. consumer equilibrium e. consumer surplus
The success of the SMarT program has proven that changing the way we present options can:
A. affect people's behavior. B. help people overcome mental biases. C. avoid regret. D. All of these statements are true.
A government policy to build bridges and dams is an example of a policy to promote economic growth by:
A. increasing human capital. B. improving technology. C. improving the social and legal environment D. increasing physical capital.