Mauricio Drelichman and Hans-Joachim Voth’s analysis of the overall debt and revenue of the government of Philip II (who ruled an empire including Spain and Sicily from 1556 to 1598) found an intriguing : although the government regularly defaulted on debt, it ran an even larger overall surplus than did the government of eighteenth-century Britain, which historians consider a model of fiscal virtue.
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Verbal·Craft and Structure·Words in Context
hardWhich choice completes the text with the most logical and precise word or phrase?
A
harbinger
B
exemplar
C
sanction
D
incongruity