The United States is a "debtor nation." What does this mean?
A) The nation has a whole owes more money to foreign countries than foreign countries owe to the United States.
B) The U.S. government owes more money to foreign governments than foreign governments owe to the U.S. government.
C) Individual households in the United States owe more money to households in foreign countries than households in foreign countries owe to U.S. households.
D) U.S. businesses owe more money to foreign businesses than foreign businesses owe to U.S. businesses.
Correct Answer:
Verified
Q2: For the past 30 years or so,
Q3: How does the level of imports change
Q4: A U.S. trade deficit means that
A) more
Q5: The main determinant of U.S .exports
A) is
Q6: A U.S. trade surplus means that
A) more
Q7: A U.S. trade surplus means that
A) American
Q8: A U.S. trade deficit means that
A) American
Q9: What happens to the demand and price
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