Author: Anonymous

The Thai situation created what economists have termed “contagion.” This refers to the situation where: 

Research Hans Rolsing has studied in the world’s income distribution. He tells us that in the 1960s, the world income distribution: 

The reason that Thai banks went to American banks in order to obtain funds was because the credit market in Thailand had dried up. Thai banks were not able to secure funds in the Thai financial market.  

In the 1800s, most countries had relatively long life spans, despite low incomes. 

Argentina wants to weaken its currency. Thus it needs to make it more scarce. 

According to the World Bank, extreme poverty (at the time of the recording of the video) was defined as living on $3.20 or less a day. 

For the following questions, answer the following in terms of how the USA’s balance of payments is affected: A = (+) impact on the current account B = (-) impact on the current account C = (+) impact on the capital account D = (-) impact on the capital account Investors in Thailand borrow money from an American bank so that they can construct a new housing complex.  

Venezuela’s food situation is best described as: 

The USA had a major role in ending the crisis in Thailand by providing them with a large loan which infused a great deal of USD into the economy and propped up their reserves. 

Assume that area B is .5 (again using the same type of graph from lecture). From this we know that area A is: