A feature of debt markets in emerging-market countries is that debt contracts are typically

Because it is generally difficult for economists to user experiments to generate data, what must they generally do?

a) do without data b) use whatever data the world gives them c) select a committee of economists to make up data for all economists to use d) use hypothetical, computer-generated data

When individuals take externalities into account when making decisions, economists say they are:

a. internalizing the externality. b. eliminate the externality. c. subsidize a positive externality. d. subsidize a technology spillover.