Because they buy so much raw material, rich nations are now in debt to low-income nations.

Question

Quizplus · Accepted Answer

This statement is incorrect. Rich nations may have trade deficits with low-income nations, but debt is a separate issue that involves borrowing and lending money with interest. It is possible for some low-income nations to be in debt to rich nations or international organizations such as the World Bank, but it is not directly related to raw material purchases.

Because They Buy So Much Raw Material, Rich Nations Are