A Default in the Past Makes It Much More Likely

question 67

Essay

A default in the past makes it much more likely that a government will default again,even if the current government is a new regime with every intention of honoring its debts.Why might that be?

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Definitions:

Drug Use

The act of consuming substances that alter the mind or body for medical purposes or recreationally, which can range from legal medications to illegal narcotics.

Scientific Method

A systematic process of inquiry involving observation, experimentation, and hypothesis testing to gather empirical evidence and establish facts.

Experimental Research

A systematic and scientific approach to research in which the researcher manipulates one or more variables to determine their effect on a certain outcome.

Survey Research

A method of gathering data from a predefined group of respondents to gain information and insights on various topics of interest.