Between 2010 and 2020, very low interest rates encouraged low-income countries to borrow money from foreign investors and governments to finance long-term economic growth. Evaluate this approach to promoting long-term economic growth.
Exam No：9708_w24_qp_42 Year：2024 Question No：5
Answer:
Knowledge points:
6.1.1 distinction between absolute and comparative advantage
6.1.2 benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve
Solution:
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