A result of the Asian Crisis of 1997-1998 was
A. A major increase in the level of U.S. exports to Southeast Asia.
B. Political stability in many Southeast Asian countries.
C. An increase in the value of the U.S. dollar relative to Southeast Asian currencies.
D. An increase in the value of Southeast Asian currencies relative to the U.S. dollar.
Answer: C
You might also like to view...
Capital gains are the profits earned by investors from the sale of stocks, bonds, real estate, or other assets
Indicate whether the statement is true or false
___________ profit is a cash concept—the difference between dollars brought in and dollars paid out.
a. Accounting b. Explicit c. Economic d. Implicit
Studies of U.S.-Canadian free trade have concluded that the number of new jobs created in Canadian manufacturing were _________ the number of jobs lost elsewhere in Canadian manufacturing due to free trade.
a. less than b. equal to c. greater than d. substantially greater than
Electric car manufacturers want to sell more electric cars at a higher price. Which of the following events would have this effect?
A) technological advancement in the production of electric car batteries B) an increase in the number of manufacturers of electric cars C) a decrease in the price of lithium, which is used in the electric car batteries D) an increase in the price of gasoline