A collective action clause in bonds Makes banking crises less likely. Forces countries to stop borrowing on international capital markets. Makes borrowing costs for emerging markets lower. Is something only China has in its bonds. Makes it easier to re-negotiate debt by lowering the threshold share of bondholders necessary to approve a change.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation