Which is NOT a potential cost faced by nations that choose against repaying their debts?
A. A loss of foreign assets
B. Domestic recession
C. Moral hazard
D. A loss of future creditworthiness
Answer: C
Economics
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Macroeconomic models are
A) never wrong. B) accurate descriptions of the economy. C) simple abstractions of reality. D) consistent with all economic data.
Economics
Engel's Law asserts that consumer expenditures on daily food in the aggregate decline as incomes rise. This explains the decreased demand for daily foods and the increased U.S. demand for exotic foods
Indicate whether the statement is true or false
Economics