The United States Is Called a Debtor Nation Because

question 252

Multiple Choice

The United States is called a debtor nation because

• A)it has a large current account deficit that is simultaneously funded by foreign investment.
• B)it has a large financial account deficit that is used to fund the current account deficit.
• C)it has a large balance of payments deficit that is used to fund the current account deficit.
• D)U)S.capital outflows are much greater than U.S.capital inflows.
• E)U)S.households finance the majority of their purchases using credit cards (debt).

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Definitions:

Special Duty

An obligation or responsibility that is specific to a particular role, situation, or relationship, requiring action or care beyond ordinary duties.

Real Estate

Assets that include land, the structures on that land, and its inherent natural resources.

Res Ipsa Loquitur

A legal doctrine stating that the mere occurrence of certain types of accidents implies negligence.

Brewery

A place where beer is commercially made.