Final answer:
The checklist approach is the economic risk analysis method that relies on measurable, timely criteria for assessing a country's creditworthiness.
Step-by-step explanation:
The method of analyzing economic risk that relies on a few easily measurable and timely criteria believed to reflect or indicate changes in the creditworthiness of the country is known as the c) The checklist approach. This method uses a series of indicators that are considered important for assessing the economic health of a country. These indicators are usually quantifiable and can provide a quick snapshot of a country's economic situation. Economists prefer this approach due to its simplicity and ease of interpretation, as well as its capacity to be updated regularly with the latest data.