Use the Table Below to Answer the Following Questions

question 93

Multiple Choice

Use the table below to answer the following questions.
Table 25.4.1

-Refer to Table 25.4.1. The country Mengia came into existence at the beginning of year 1. Given the information, in year 4 Mengia is a

• A)net lender and a creditor nation.
• B)net lender and a debtor nation.
• C)net borrower and a creditor nation.
• D)net borrower and a debtor nation.
• E)net lender and neither a creditor nor a debtor nation.

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Fixed Cost

Expenses that do not vary with the level of production or sales, such as rent or salaries.

Variable Cost

Costs that vary directly with the level of production or with volume of output.