Answer to Question #321170 in Macroeconomics for KGAO

Question

7.Countries engage in international trade because factors of production are unequally distributed among economies of the world.

a. False

b. True

8.The following factors contributed to South Africa being downgraded to junk status in 2017.

a)Debt incurred by stated-owned entities such as Eskom.

b)Corruption and increased public debt.

c)Lack of clarity regarding economic policy.

d)High economic growth.

a. only b

b. a, b and c

c. only d

d. c and d

Answer 1

7. B

8. B