The Larger the Import Ratio of a Country; the Higher

question 30

True/False

The larger the import ratio of a country; the higher is the probability that the country will have to schedule its debt payments.

---

Definitions:

Trading Partners

Countries or entities that engage in the exchange of goods, services, or information.

Largest

Being the greatest in size, quantity, or degree compared to others in a set or group.

United States

A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Comparative Advantage

The capacity of an entity, whether a single person, a corporation, or a nation, to create a product or offer a service more cost-effectively in terms of foregone opportunities than its competitors.