Approximately How Much Do Interest Payments for Debts Owed by Poor

question 107

Multiple Choice

Approximately how much do interest payments for debts owed by poor nations to rich nations amount to?

• A) $1 million per day
• B) $2 million per day
• C) $1 billion per day
• D) $2 billion per day

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Definitions:

Coconuts

The large, brown, hard-shelled seeds of the coconut palm, used for food, oil, and as a source of material.

Fish

Aquatic vertebrates that live in water, breathe with gills, and typically have fins and scales.

Increasing Returns to Scale

A situation in production where an increase in the quantity of inputs leads to a proportionally larger increase in output.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.