According to the Text, There Are More Than 200 Nation-States

question 21

True/False

According to the text, there are more than 200 nation-states in the world today, and all of them are represented in the United Nations.

---

Definitions:

IRS

The Internal Revenue Service, a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Economic Activities

Activities related to the creation, dispersal, and use of products and services in an economic system.

Personal Guarantee

This is a legal promise made by an individual to repay the borrowing of a business entity in case it fails to do so, thus personally ensuring the debt.

Economic Performance

Economic performance refers to the evaluation of how effectively an economy or a specific entity manages its resources and meets its objectives, often measured in terms of productivity, efficiency, and growth.