The World's Largest Debtor Nation in Terms of Debt Owed

question 41

Multiple Choice

The world's largest debtor nation in terms of debt owed to foreign citizens and governments is

• A) Russia.
• B) Argentina.
• C) Japan.
• D) the United States.

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Definitions:

High Tariffs

High Tariffs are taxes imposed on imported goods to protect domestic industries from foreign competition, raise government revenue, and/or retaliate against unfair trade practices by other countries.

Republican Policies

Policies favored by the Republican Party in the United States, often emphasizing limited government, low taxes, free market capitalism, and a strong national defense.

Plantation Workers

Laborers who work on plantations, historically often under conditions of servitude or slavery, cultivating crops such as sugar, cotton, and tobacco.

Western Settlement

The migration and establishment of communities and towns in the Western territories of the United States during the 19th century.