According to the Textbook, How Did Thailand Manage to Maintain

question 125

Multiple Choice

According to the textbook, how did Thailand manage to maintain its independence during the European colonial era?

• A) used diplomatic acumen to acquire protective services of the Soviet Union
• B) poured resources into its military technologies that rivaled those of Europe
• C) undertook a large-scale push to modernize itself in the European mold
• D) assertively established its own colonies to serve as buffers around its territory

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Definitions:

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.

Excess Supply

Occurs when the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at the current price.