In the Analysis of the "Debt-Relief Laffer Curve" Pertaining to the External

Multiple Choice

In the analysis of the "debt-relief Laffer curve" pertaining to the external debt of a developing country,

A) the market value of the debt always equals the face value of the debt.
B) the market value of the debt is sometimes greater than the face value of the debt.
C) in one portion of the curve, forgiveness of debt can benefit both the debtor country and The lenders to the country.
D) in no portion of the curve can forgiveness of debt benefit both the debtor country and the lenders to the country.