For the first time since World War I, in 1985 the United States became a net international
A) exporter.
B) importer.
C) debtor.
D) creditor.

Question

Quizplus · Accepted Answer

Becoming a net international debtor means that a country owes more to foreign lenders than it is owed by foreign borrowers, which is what happened to the United States in 1985. It is important to note that this question and answer pertains to the US and is not related to the Market for the Euro in Figure 11.3.

For the First Time Since World War I, in 1985