ScholarMatic: Explanation & Answer
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Which is NOT a reason for Thailand’s financial crisis and the beginning of the global contagion?
Select one:
A. Lack of a credible banking system
B. Institution of securities laws
C. Increasing land values in Thailand
D. Exceptionally high exchange rate of Thai baht
The country considered to be where global contagion began was
Select one:
A. China
B. North Korea
C. Vietnam
D. Thailand
President Mkapa of Tanzania claimed open markets for his country would
Select one:
A. improve his chances of getting re-elected
B. increase Tanzania’s manufacturing sector
C. eliminate the need for foreign aid to his country
D. provide Tanzania a reason for joining the African Union
Which special interest group was especially active in protesting at the Seattle WTO Summit?
Select one:
A. State of Washington
B. US Chamber of Commerce
C. Organized labor
D. Representatives of developing countries
According to Peruvian economist Hernando DeSoto, where there is no official law in developing countries people respond to the “other” law he calls
Select one:
A. extralegal
B. inlegal
C. intralegal
D. interlegal
According to Peruvian economist Hernando DeSoto, a crucial element missing in developing countries is
Select one:
A. protectionist laws
B. list of laws restricting manufacturing
C. property rights
D. free trade
ScholarMatic: Explanation & Answer
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