Author Question: Refer to the table above. Is the United States a debtor or a creditor nation in 2019? A) a debtor ... (Read 97 times)

shofmannx20 · **on:** Jun 29, 2018

Refer to the table above. Is the United States a debtor or a creditor nation in 2019?

A) a debtor nation
B) neither a creditor nor debtor nation
C) a creditor nation
D) both a creditor nation and a debtor nation
E) More information is needed to determine if the United States is a debtor or creditor nation.

Question 2

As we move along the production possibilities frontier,

A) the production of one good increases as the production of the other good decreases.
B) more of both goods can be produced.
C) the possibilities of tradeoffs diminish.
D) a tradeoff is not possible because nations need all goods.
E) less of both goods can be produced.