Argentina provides a recent example of a currency board success
Indicate whether the statement is true or false
FALSE
Explanation: The Argentinean currency board experiment was a failure, as the country could not maintain the peg and the Argentinean peso devalued to less than a third of its value in late 2001, early 2002
You might also like to view...
recessions
What will be an ideal response?
If people have a sudden increase in confidence in the open economy of the U.S. and want to invest there, the interest rate:
A. increases, as NCO decreases. B. increases, as NCO increases. C. falls, as NCO falls. D. falls, as NCO increases.
Jamal earns $160,000 per year and Josephina earns $80,000 per year. If Jamal pays $16,000 in income taxes and Josephina pays $5,000 in income taxes, the income tax system would be
A) regressive. B) progressive. C) proportional. D) marginal.
As it relates to the political process, the principal-agent problem results from the:
A) negative externalities that are created by some policy actions. B) political rules that encourage elected officials to engage in unethical and illegal behaviour. C) paradox of voting. D)inconsistency between voters' interest in programs and politicians' interest in reelection. A