This Year a Country Loaned More to the Rest of the World

question 192

Multiple Choice

This year a country loaned more to the rest of the world than it borrowed from the rest of the world. In addition, throughout its history, the country has invested more in the rest of the world than other countries have invested in it. The country is currently a ________ and also a ________.

• A) net lender; creditor nation
• B) net borrower; creditor nation
• C) net borrower; debtor nation
• D) debtor nation; net lender

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Definitions:

Nonprice Competition

A marketing strategy wherein companies focus on product or service differentiation rather than on changing prices.

Pure Competition

A market structure characterized by an extensive number of small sellers, selling identical products, with no single seller able to influence market prices.

Price Takers

Market participants who accept the prevailing market price as they cannot influence it due to their small market share.

Pricing Strategies

Plans or methods used by businesses to set prices for their products or services in order to maximize profitability and market share.