A sudden and pronounced loss of value of one nation's currency against others is known as a:
a. currency crisis.
b. forced devaluation.
c. thinning of value.
d. default.
Ans: a. currency crisis.
Economics
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A. Has stayed roughly constant at about 10% B. Has dropped from about 30% to 10% C. Has stayed roughly constant at about 30% D. Has dropped from about 7% to 1%
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A basic assumption in comparing the production possibilities curves of two nations is that those possibilities curves reflect differences in:
A. Consumer tastes and preferences B. Resource availability and technological capabilities C. The nations' incomes and income distribution D. Unemployment and inflation rates
Economics