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

Name: Because they buy so many raw materials, rich nations are now in debt to low-income nations.
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Question

Quizplus · Accepted Answer

This statement is false. Rich nations may import raw materials from low-income nations, but they typically pay for them with currency or other goods, rather than accruing debt. It is possible for low-income nations to be in debt to rich nations through other means, such as loans and aid packages.

Because They Buy So Many Raw Materials, Rich Nations Are