If a 10% decrease in price for a good results in a 20% increase in quantity demanded, the price elasticity of demand is

South Korea, Indonesia, Malaysia, and Thailand all pegged their currencies to the dollar at one point in time

Because some of these currencies were overvalued at the pegged rate, speculators anticipated these countries would abandon the peg and speculators began selling those currencies. Explain how this speculation would affect the ability of a country to maintain a pegged exchange rate.

Which of the following is included in physical capital?

a. Roads and bridges b. A university graduate in physics c. An astrophysicist d. A high school diploma or college degree e. A successful entrepreneur