A Debtor Nation Means a Nation

question 234

Multiple Choice

A debtor nation means a nation

• A) whose imports exceeds its exports.
• B) whose current account is less than its capital account.
• C) through its history has invested less in the rest of the world than other countries have invested in it
• D) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.

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Definitions:

Principal Purpose

The primary or predominant reason for which an activity, agreement, or operation is intended or carried out.

Substantially Frustrated

A condition in contract law when an unforeseen event undermines the purpose of the contract, justifying its termination.

Basic Assumption

A fundamental belief or principle that is accepted as true without proof.

Commercial Impracticability

A defense in contract law that can release parties from their obligations if an unforeseen event makes the fulfillment of the contract unreasonably difficult or expensive.