When a country no longer is willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as a
a. lender of last resort condition.
b. debt crisis.
c. fluctuating condition in the national currency.
d. decline in global capital mobility.
b
You might also like to view...
When a group lobbies for public goods or collective benefits that are so widespread that members and nonmembers alike receive them, incentives to join the group disappear. Mancur Olson called this the ___________
Fill in the blank(s) with the appropriate word(s).
One of the three traditional factions of the Republicans is the economic conservative. What is true of economic conservatives?
a. They support extensive business regulation by the government. b. All of the members have strong opinions on social issues. c. They are better known as libertarian conservative factions. d. They favor low taxes.
Which of the following groups is an example of a single-issue group?
a.) National Organization of Women b.) National Abortion Rights Action League c.) American Conservative Union d.) Democratic, National Committee
The equal protection clause was originally intended to:
A) protect the newly freed slaves after the Civil War. B) remove the disparity between the North and the South. C) promote reverse discrimination. D) protect the rights of illegitimate children. E) protect criminals from unreasonable punishment.