Describe the Asian financial crisis as it unfolds beginning with the devaluation of the Thai currency in July 1997, followed by the Malaysian, Indonesian and South Korean crises
As part of your answer, elaborate on the Malaysian response to the crisis versus its troubled neighbors responses.
Students should emphasize the relation to the slowdown in their largest industrial neighbor, Japan, and the reliability on large debts denominated in dollars. Malaysia did not turn to the IMF with its austerity plans. Malaysia imposed extensive foreign exchange controls on capital movements.
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It is impossible to figure out the "true" or "final" cost of getting an education at public schools because
A) no one has an incentive to keep accurate figures. B) an education at any public school is in most, if not all cases, a free good. C) an education is necessary. D) things in themselves have no cost.
If a government determines that the provision of services by museums should be encouraged, then this means that the government has judged museum displays to be a(n)
A) government-sponsored good. B) exclusive good. C) government-inhibited good. D) public good.