Which of the following is true of the crises experienced in the 1990s?
a. Most of the economic crises occurred in Mexico.
b. Each of the countries affected by the crisis in Southeast Asia owed substantial long-term debt to foreigners.
c. During this time, bank loans were a sizable fraction of GDP in all the crisis countries except Mexico.
d. Stock prices dropped by an amount ranging from 21 percent in Malaysia to 35 percent in Korea.
e. Exchange rate against the U.S. dollar dropped substantially in the Philippines.
c
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If I own a share of stock in IBM, I own
a. only the right to vote in elections of corporate directors b. a claim to a share of IBM's assets and earnings as well as the right to demand annual dividend payments c. the right to demand annual dividend payments as well as the right to vote in elections of corporate directors d. only the right to demand annual dividend payments e. a claim to a share of IBM's assets and earnings as well as the right to vote in elections of corporate directors
Inputs in production processes are called resources
a. True b. False Indicate whether the statement is true or false