The United States Would Be a Net Creditor If the Value

question 12

True/False

The United States would be a net creditor if the value of U.S.assets abroad exceeded the value of foreign assets in the United States.

---

Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment and deflation in most countries.

Production Possibilities Curve

A graphical representation illustrating the maximum quantity of two goods that can be produced within a given period under the conditions of a fixed amount of resources and technology.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Unemployment Rate

The proportion of the working sector that lacks employment but is in the hunt for jobs.