In the winter of 2001–2002, Argentina’s overvalued currency reflected a(n)
A. balance of payments surplus.
B. balance of payments deficit.
C. surplus of exports over imports.
D. excess demand for Thai currency.
Answer: B
Economics
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What change in monetary policy could eventually cause overborrowing and overinvestment?
(A) Contractionary policy. (B) An increase in the money supply. (C) A fall in the discount rate. (D) A decrease in the money supply.
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Increased specialization in the computer industry is evidenced by
(a) the types of government policies implemented to aid the computer industry. (b) the growth of the software industry. (c) the growth of the manufacturing industry. (d) the growth of agriculture.
Economics