A Small Country Is an International Borrower

question 6

Multiple Choice

A small country is an international borrower. Its real interest rate without foreign borrowing is ________ the world real interest rate.

• A)higher than
• B)equal to
• C)lower than
• D)not comparable to
• E)either higher than or equal to

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Definitions:

Wealthiest Nation

A term typically referring to a country with a high level of economic productivity, income, and wealth per capita.

Preventive War

A conflict initiated to prevent another party from acquiring a capability for attacking, under the presumption of future threat.

Foreign Policy Goals

Foreign Policy Goals refer to strategic objectives set by a country to guide its international relations and diplomatic efforts with other nations and international organizations.

Human Rights

Universal rights that are believed to belong to all individuals, including civil, political, economic, social, and cultural rights, regardless of nationality, race, sex, ethnicity, religion, or any other status.