A result of the Asian Crisis of 1997-1998 was
A. A major increase in the level of U.S. exports to Southeast Asia.
B. Political stability in many Southeast Asian countries.
C. An increase in the value of the U.S. dollar relative to Southeast Asian currencies.
D. An increase in the value of Southeast Asian currencies relative to the U.S. dollar.
Answer: C
You might also like to view...
Wealth and substitution effects explain why the aggregate demand curve has a positive slope
Indicate whether the statement is true or false
The existence of a deadweight loss associated with a monopoly can be seen because
A) consumers are willing to pay more for the last unit of output than it cost to produce. B) the cost of the last unit produced is more than consumers are willing to pay for it. C) the producer surplus is larger than in a competitive market. D) None of the above.