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Author Question: Which of the following did not help Thailand maintain its peg against the dollar in the 1990s? A) ... (Read 29 times)

ec501234

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on: Jun 29, 2018
Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
 
  A) borrowing dollars from the International Monetary Fund in exchange for baht
  B) foreigners selling off new investments in Thailand
  C) increasing domestic interest rates to attract more foreign investors
  D) buying baht on the foreign exchange market to support higher demand for the baht

Question 2

What contribution does a movie like The Social Network make to coping with scarcity? When you buy a movie ticket to see a movie in a theater, are you buying a good or a service?
 
  What will be an ideal response?


emsimon14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Scarcity still exists but the amount of entertainment available in the economy increases. Buying a ticket to watch a movie is buying a service.


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