The United States Became a Net Debtor Because

question 33

Multiple Choice

The United States became a net debtor because

• A)it ran consistently large current account deficits.
• B)it ran consistently large current account surpluses.
• C)it lent a lot to people in foreign countries.
• D)it provided much foreign aid to other countries.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the resources.

Supporting Assembly

A group of components or parts assembled to support the functioning of a main product or system.

Processing Orders

Entails the activities involved in handling and fulfilling customer orders, from placement to delivery.

Idle Capacity

The unused portion of the total available capacity within a company, often resulting in inefficiency and increased costs.