In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability.
B. decreasing population growth.
C. increasing corruption.
D. reducing investment.
Answer: D
You might also like to view...
In the loanable funds market, an increase in wealth shifts the ________ loanable funds curve ________
A) supply of; rightward B) supply of; leftward C) demand for; rightward D) demand for; leftward
If more European and Japanese firms want to build factories and expand their offshore investments in the United States, the supply of U.S. dollars on foreign exchange markets will increase as a result of this investment activity
Indicate whether the statement is true or false
When a monopolistically competitive firm is in long-run equilibrium,
a. price is equal to average total cost. b. price is equal to marginal cost. c. price is equal to marginal revenue. d. the firm operates at its efficient scale.
The United States Social Security system
A. pays benefits in direct accordance to what each individual has paid into the system. B. has paid the current generation of recipients less in benefits than it paid in payroll taxes. C. has paid the current generation of recipients more than it paid in payroll taxes. D. paid the earlier generations more and the current generation less than each paid in payroll taxes.