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The USA had a major role in ending the crisis in Thailand by…

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. 

Published June 16, 2021
Categorized as Uncategorized

Assume that area B is .5 (again using the same type of graph…

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

Published June 16, 2021
Categorized as Uncategorized

Suppose Thailand has a less favorable return on investment c…

Suppose Thailand has a less favorable return on investment compared to other nations. We know that capital will leave Thailand, heading for other nations with more favorable returns. 

Published June 16, 2021
Categorized as Uncategorized

The European Monetary Union (EMU) sets fiscal policy, but no…

The European Monetary Union (EMU) sets fiscal policy, but not monetary policy, for the member countries.  

Published June 16, 2021
Categorized as Uncategorized

South Africa is one of the most unequal countries in the wor…

South Africa is one of the most unequal countries in the world, if not the most unequal country in the world, with respect to income. 

Published June 16, 2021
Categorized as Uncategorized

The small nation of Singapore starts to experience a saving…

The small nation of Singapore starts to experience a saving that is greater than its level of investment. As a result, we know: (select all that apply) 

Published June 16, 2021
Categorized as Uncategorized

Venezuela has systems of price controls, which make prices a…

Venezuela has systems of price controls, which make prices artificially high. This lowers the quantity demanded of products.  

Published June 16, 2021
Categorized as Uncategorized

The country is importing a great deal from China and this ha…

The country is importing a great deal from China and this has solved the problems for consumers. Shortages are not sizable. 

Published June 16, 2021
Categorized as Uncategorized

Trade surpluses are created when more money enters a country…

Trade surpluses are created when more money enters a country than leaves a country through the capital account (through assets sales/purchases and investment). 

Published June 16, 2021
Categorized as Uncategorized

A negative capital account is called a capital account defic…

A negative capital account is called a capital account deficit. 

Published June 16, 2021
Categorized as Uncategorized

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