"Debt repudiation" occurs when
A) a government announces it will no longer run nominal deficits.
B) a government announces it will no longer run real deficits.
C) a government announces it will no longer honor its debt obligations.
D) a central bank will no longer monetize the debt.
D
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_____________ Capital Markets Small homogeneous units (shares) of ownership in assets trade in public exchanges Many buyers and sellers Price quotes available for all to see Characterized by a high degree of liquidity Informationally efficient
Fill in the blank(s) with the appropriate word(s).
Suppose the United States subsidizes domestic chicken production and then sells surpluses on the world market at a price below the cost of production
In foreign countries, the argument that would made to restrict chicken trade with the United States would be the A) penalizes lax environmental standards argument. B) saves jobs argument. C) infant-industry argument. D) dumping argument. E) national security argument.