What can constrain borrowing in world markets by a country, Microeconomics

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What can constrain borrowing in world markets by a country

Problem

1. Why could it be a good thing for a country to run a current account deficit?

2. What can constrain borrowing in world markets by an individual country?

3. What makes a country more likely to default on its international debt?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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