The Tendency for Developing Countries to Be Forced into Default

question 15

Multiple Choice

The tendency for developing countries to be forced into default at surprisingly low levels of debt is called

• A) The Debt Relief Laffer Curve
• B) Original Sin
• C) Serial Default
• D) Debt Intolerance
• E) Sovereign Default

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Definitions:

Generations

Groups of individuals, most often in a society, born and living about the same time, sharing similar cultural experiences or historical events.

Homo Sapiens

The scientific name for modern humans, the only extant species of the genus Homo.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

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The third planet from the Sun, unique among the planets in the Solar System for hosting life, with a vast diversity of ecosystems and geological features.