During the 1997-1998 Asian financial crisis, Thailand tried to defend its fixed exchange rate for the Thai baht and eventually ran out of foreign currency reserves
a. True
b. False
A
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"Leaning against the wind" is exemplified by a(n)
a. tax increase when there is a recession. b. increase in the money supply when there is a recession. c. decrease in government expenditures when there is a recession. d. All of the above are correct.
Refer to the table shown. From this table we can conclude that:Cost (in euros) of producing wine and an electric generator FranceGermanyWine1020Electric Generator10,00030,000
A. Germany has a comparative advantage in wine and France has a comparative advantage in electric generators. B. France has a comparative advantage in wine and Germany has a comparative advantage in electric generators. C. France has a comparative advantage in both goods. D. Germany has a comparative advantage in both goods.
The laws that prevent companies from unfairly trying to gain market power or reduce the amount of competition in a market are known as
A. the Universal Commercial Code. B. free-rider laws. C. antitrust laws. D. OSHA, EPA, and FCC.
Quotas imposed on Japanese imports into the United States tend to:
A) penalize both U.S. consumers and Japanese consumers. B) benefit both U.S. consumers and Japanese consumers. C) penalize U.S. consumers and benefit Japanese consumers. D) benefit U.S. consumers and penalize Japanese consumers.