The ways in which the global financial and economic crisis of the 2000s resembles the crises in developing countries in the 1980s and 1990s include all of the following EXCEPT
A. Contagion made the crisis worse
B. Borrowers relied on short-term funding
C. Fixed exchange rates encouraged financial activity exposed to exchange-rate risk
D. Overlending and overborrowing played a key role
Answer: C
Economics
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Which of the following is a prerequisite for sustainable economic growth?
A) Private foreign investment B) A literate populace C) Aid provided by international agencies D) An easy monetary policy E) An abundance of natural resources
Economics
A graphical representation which shows the trade-off that occurs when more of one output is obtained at the sacrifice of another is called
A) a Laffer Curve. B) a production possibilities curve. C) a bell curve. D) a supply curve.
Economics