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Author Question: Thailand's experience with pegging the baht to the dollar failed because the baht was ________ ... (Read 100 times)

Tirant22

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on: Jun 29, 2018
Thailand's experience with pegging the baht to the dollar failed because the baht was ________ relative to the dollar, and China's experience with pegging the yuan to the dollar has run into difficulties because the yuan has been ________ relative to
 
  the dollar.
  A) overvalued; undervalued B) undervalued; undervalued
  C) undervalued; overvalued D) overvalued; overvalued

Question 2

What is Pareto optimality?
 
  What will be an ideal response?


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sabina576

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

A

Answer to Question 2

Pareto optimality (or Pareto efficiency) is a condition in which no change is possible that will make some members of society better off without making some other members of society worse off.


Tirant22

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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