According to Oatley,abrupt cessation of commercial bank lending in Latin America in the early 1980s,
A) allowed many debtor countries to finance large current account deficits.
B) no longer allowed governments to pay for increased energy exports.
C) allowed governments to invest more than they could have otherwise.
D) ended the economic boom of the 1970s abruptly.
E) relaxed many of the constraints that had characterized the foreign-aid dominated system of the 1950s and 1960s.
Correct Answer:
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A)
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Q9: In the late 1970s and early 1980s,Latin
Q10: Foreign aid accounts for half or more
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