Firms in Thailand that had ________ while the baht was pegged to the dollar faced interest payments that were higher than they had planned once the Thai government abandoned the peg because the baht had been pegged ________ the equilibrium exchange
rate for the baht.
A) borrowed dollars; above B) borrowed baht; above
C) borrowed baht; below D) borrowed dollars; below
A
Economics
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What will be an ideal response?
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In an efficient market, deadweight loss is ____
a. maximum. b. minimum. c. constant. d. zero.
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