Greece's position as a ___________ is because it ________.
A) net debtor, spends too much and saves too little
B) net creditor, spends too much and saves too little
C) net debtor, spends too little and saves too much
D) net creditor, spends too little and saves too much

Question

Quizplus · Accepted Answer

Greece's position as a net debtor is because it spends too much and saves too little. This means that Greece is importing more than it is exporting and is borrowing money to finance the difference. As a result, it has accumulated a large amount of debt, which makes it a net debtor in the market for the Euro.

Greece's Position as a ___________ Is Because It ________

Greece's Position as a ___ Is Because It