If a Developing Country Makes Its Currency Fully Convertible, It

question 14

Multiple Choice

If a developing country makes its currency fully convertible, it runs the risk of having too:

• A)low levels of domestic saving and investment.
• B)high levels of domestic saving and investment.
• C)much domestic saving and not enough domestic investment.
• D)little foreign investment.

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Definitions:

Stratification Systems

Stratification systems are the hierarchical arrangements of people in a society based on their access to resources, power, and prestige.

Social Change

The transformation over time of cultural values, norms, institutions, structures, and social practices.

Age-Sex Population Pyramid

A graphical illustration that shows the distribution of various age groups in a population, which forms the shape of a pyramid when the population is growing.

Postindustrial Nation

Refers to a country that has moved from industrial production to service and information management predominance.