Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
A) borrowing dollars from the International Monetary Fund in exchange for baht
B) foreigners selling off new investments in Thailand
C) increasing domestic interest rates to attract more foreign investors
D) buying baht on the foreign exchange market to support higher demand for the baht
B
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The existence of a universal law of scarcity creates pressures on societies to
A. use their resources according to government plans. B. economize in the use of their resources. C. allocate their resources equitably. D. exploit their resources.
A monopolist is
a. one of a large number of small firms that produce a homogeneous good b. one of a small number of large firms that produce a differentiated good c. a single seller of a product with many close substitutes d. one of a small number of large firms that produce a homogeneous good e. a single seller of a product with no close substitutes
If an increase in consumer incomes causes the demand curve for product Q to shift to the right, then it can be said that product Q is a(n):
a. Inferior good b. Normal good c. Luxury good d. Inexpensive good
The natural rate of unemployment when seasonally adjusted includes
A. frictional and cyclical unemployment but not structural. B. frictional and structural unemployment but not cyclical. C. frictional unemployment only. D. cyclical and structural unemployment but not frictional.