In August 1982, which of the following countries declared it was unable to service its foreign debt and thereby triggered a long-lasting crisis in international lending?
A. The United Kingdom
B. Thailand
C. The United States
D. Mexico
Answer: D
You might also like to view...
If the MPC = 1, the spending multiplier is:
a. infinite. b. zero. c. 10. d. 100. e. 1.
If we let P = the domestic price of a basket of goods and Pf the foreign price of the same basket of goods, and ? = the nominal exchange rate of U.S. $/foreign currency the real exchange rate is best expressed as:
A. Pf / P × ? B. P / Pf ×? C. ? × P / Pf D. Pf / P
An alternative to ________ is to rely on natural experiments to mimic the controlled experiment.
A. mirror experiments B. manipulated experiments C. predetermined experiments D. random experiments
Which of the following people came close to abolishing scarcity in their regions some years ago?
A) Major Kwame Kilpatrick in Detroit B) President Bill Clinton in the U.S C) Governor Sarah Palin in Alaska D) All of the above. E) None of the above.