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09 Mar 2024, 03:36
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Question 1
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
79% (02:16) correct
21%
(02:20) wrong
based on 305
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
50% (01:12) correct 50%
(01:37) wrong
based on 294
sessions
History
Date
Time
Result
Not Attempted Yet
Question 3
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
72% (01:07) correct 28%
(01:17) wrong
based on 283
sessions
History
Date
Time
Result
Not Attempted Yet
Once the largest creditor nation, the United States is now the world’s largest debtor. Although no one doubts that the United States has increased its dependence on foreign capital, what all this borrowing tells us about the American economy is a matter of dispute. Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits. According to this image, far from being a sign of decline, foreign investment in the United States is a sign of success. While this image is appealing, if the United States were truly a rising corporation most foreign investment would presumably be direct investment, which gives the investor some ownership, the better to profit from the strength of American business; however, most foreign investment in the United States is portfolio investment, which confers no direct ownership. Other economists compare the United States to a declining corporation; according to this image the United States, no longer competitive in world markets, is running a large trade deficit that can only be financed by borrowing from abroad.
There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt.
There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt.
1. According to the author of the passage, which of the following factors is neglected by the economists mentioned in the two highlighted portions of text in their images of the United States as a debtor nation?
A. The rate at which the United States shifted from creditor to debtor status
B. The differences between the United States and other countries that have experienced a change from creditor to debtor status
C. The significance of the globalization of United States corporations
D. The potential benefits of direct investment in United States corporations
E. The experience of countries that have shifted from debtor to creditor status
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
A. Whether the change is causing an increase or a decrease in the dependence of the United States on foreign capital
B. Whether the rate of change will accelerate or decelerate in the future
C. Whether the change has attracted direct or portfolio investment
D. What role the global expansion of United States corporations has played in the change
E. What the change suggests about the economic status of the United States
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
A. provide background information needed to understand the shift of the United States from creditor to debtor status
B. warn against the dangers of certain types of foreign investment
C. undermine one explanation offered by economists to explain the foreign debt of the United States
D. find common ground between seemingly opposing interpretations of United States foreign debt
E. suggest an area that needs further analysis before the magnitude of the foreign debt can be determined
A. The rate at which the United States shifted from creditor to debtor status
B. The differences between the United States and other countries that have experienced a change from creditor to debtor status
C. The significance of the globalization of United States corporations
D. The potential benefits of direct investment in United States corporations
E. The experience of countries that have shifted from debtor to creditor status
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
A. Whether the change is causing an increase or a decrease in the dependence of the United States on foreign capital
B. Whether the rate of change will accelerate or decelerate in the future
C. Whether the change has attracted direct or portfolio investment
D. What role the global expansion of United States corporations has played in the change
E. What the change suggests about the economic status of the United States
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
A. provide background information needed to understand the shift of the United States from creditor to debtor status
B. warn against the dangers of certain types of foreign investment
C. undermine one explanation offered by economists to explain the foreign debt of the United States
D. find common ground between seemingly opposing interpretations of United States foreign debt
E. suggest an area that needs further analysis before the magnitude of the foreign debt can be determined
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23 Jul 2024, 09:50
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Hello I failed the last two questions but after reviewing the text I understood my errors. Can someone tell me if my reasoning is good?
thank you
1. According to the author of the passage, which of the following factors is neglected by the economists mentioned in the two highlighted portions of text in their images of the United States as a debtor nation?
C. The significance of the globalization of United States corporations
"There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt."
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
E. What the change suggests about the economic status of the United States
1st proponent: "Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits."
2nd proponent: "Other economists compare the United States to a declining corporation; according to this image the United States, no longer competitive in world markets, is running a large trade deficit that can only be financed by borrowing from abroad."
For me there is a status quo about this situation. Both have different view about how this trend affect the US economic situation. One look at it as a very positive situation while the other are really alarming by the situation. So they are not agreeing about What the change suggests about the economic status of the United States.
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
C. undermine one explanation offered by economists to explain the foreign debt of the United States
"Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits. According to this image, far from being a sign of decline, foreign investment in the United States is a sign of success. While this image is appealing, if the United States were truly a rising corporation most foreign investment would presumably be direct investment... portfolio investment, which confers no direct ownership."
The proponent saw the situation as a "sign of success" while immediately after this sentence, the author doubt this conclusion ("if the United States were truly a rising corporation") by giving an opposite argument of the situation.
thank you
1. According to the author of the passage, which of the following factors is neglected by the economists mentioned in the two highlighted portions of text in their images of the United States as a debtor nation?
C. The significance of the globalization of United States corporations
"There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt."
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
E. What the change suggests about the economic status of the United States
1st proponent: "Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits."
2nd proponent: "Other economists compare the United States to a declining corporation; according to this image the United States, no longer competitive in world markets, is running a large trade deficit that can only be financed by borrowing from abroad."
For me there is a status quo about this situation. Both have different view about how this trend affect the US economic situation. One look at it as a very positive situation while the other are really alarming by the situation. So they are not agreeing about What the change suggests about the economic status of the United States.
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
C. undermine one explanation offered by economists to explain the foreign debt of the United States
"Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits. According to this image, far from being a sign of decline, foreign investment in the United States is a sign of success. While this image is appealing, if the United States were truly a rising corporation most foreign investment would presumably be direct investment... portfolio investment, which confers no direct ownership."
The proponent saw the situation as a "sign of success" while immediately after this sentence, the author doubt this conclusion ("if the United States were truly a rising corporation") by giving an opposite argument of the situation.
27 Jul 2024, 23:41
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FCK89
Hello I failed the last two questions but after reviewing the text I understood my errors. Can someone tell me if my reasoning is good?
thank you
1. According to the author of the passage, which of the following factors is neglected by the economists mentioned in the two highlighted portions of text in their images of the United States as a debtor nation?
C. The significance of the globalization of United States corporations
"There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt."
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
E. What the change suggests about the economic status of the United States
1st proponent: "Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits."
2nd proponent: "Other economists compare the United States to a declining corporation; according to this image the United States, no longer competitive in world markets, is running a large trade deficit that can only be financed by borrowing from abroad."
For me there is a status quo about this situation. Both have different view about how this trend affect the US economic situation. One look at it as a very positive situation while the other are really alarming by the situation. So they are not agreeing about What the change suggests about the economic status of the United States.
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
C. undermine one explanation offered by economists to explain the foreign debt of the United States
"Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits. According to this image, far from being a sign of decline, foreign investment in the United States is a sign of success. While this image is appealing, if the United States were truly a rising corporation most foreign investment would presumably be direct investment... portfolio investment, which confers no direct ownership."
The proponent saw the situation as a "sign of success" while immediately after this sentence, the author doubt this conclusion ("if the United States were truly a rising corporation") by giving an opposite argument of the situation.
thank you
1. According to the author of the passage, which of the following factors is neglected by the economists mentioned in the two highlighted portions of text in their images of the United States as a debtor nation?
C. The significance of the globalization of United States corporations
"There is some truth here. The United States has fallen behind its competitors in many areas and the trade imbalance has therefore widened. However, both images fail to acknowledge fully the role that the globalization of United States corporations has played in creating the foreign debt."
2. It can be inferred from the passage that one difference between proponents of the competing images discussed in the passage is their viewpoint about which of the following aspects of the change from creditor to debtor status?
E. What the change suggests about the economic status of the United States
1st proponent: "Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits."
2nd proponent: "Other economists compare the United States to a declining corporation; according to this image the United States, no longer competitive in world markets, is running a large trade deficit that can only be financed by borrowing from abroad."
For me there is a status quo about this situation. Both have different view about how this trend affect the US economic situation. One look at it as a very positive situation while the other are really alarming by the situation. So they are not agreeing about What the change suggests about the economic status of the United States.
3. The author of the passage discusses a distinction between direct investment (see first highlighted portion of text) and portfolio investment (see second highlighted portion of text) primarily in order to
C. undermine one explanation offered by economists to explain the foreign debt of the United States
"Some economists liken the United States to a rising corporation, attracting investments from other corporations eager to share in spectacular profits. According to this image, far from being a sign of decline, foreign investment in the United States is a sign of success. While this image is appealing, if the United States were truly a rising corporation most foreign investment would presumably be direct investment... portfolio investment, which confers no direct ownership."
The proponent saw the situation as a "sign of success" while immediately after this sentence, the author doubt this conclusion ("if the United States were truly a rising corporation") by giving an opposite argument of the situation.
For question 2 : We are talking about proponents of Competing image : Economists who are advocating the competing image ( Reduction in competition in world market ).
and we are asked "viewpoint about which of the following aspects of the change from creditor to debtor status" : The view point is about trade imbalance.
Answer E : Addresses the trade imbalance : What the change suggests about the economic status of the United States. The change is competition in world market & Economic status is trade imbalance.
This is how I marked option E as correct answer
