Which country was the first to declare bankruptcy on its foreign debt in the early 1980s? Argentina Mexico Brazil Venezuela

## Step 1<br />The question is asking for the first country that declared bankruptcy on its foreign debt in the early 1980s. This is a historical fact-based question.<br />## Step 2<br />The options provided are Argentina, Mexico, Brazil, and Venezuela. We need to identify which of these countries was the first to declare bankruptcy on its foreign debt in the early 1980s.<br />## Step 3<br />Based on historical records, Argentina was the first country to declare bankruptcy on its foreign debt in the early 1980s.