If Thailand Fixes the Foreign Exchange Value of Its Currency

question 116

Multiple Choice

If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,

• A) Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency
• B) Thailand will experience rapid economic growth.
• C) it will be easier for Thailand to engage in international trade.
• D) Thailand will have relatively low rates of inflation.

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Definitions:

Lockout

An action taken by employers to prevent employees from working during a labor dispute, as a measure to pressure the union into concessions.

Picketing

Job action during a legal strike when employees circulate at the periphery of the job site to persuade others not to do business with the struck employer.

Workers' Compensation Benefits

An insurance type that offers medical benefits and substitutes wages for workers hurt while working.

Fault

A concept in law that refers to responsibility or blame for wrongdoing, negligence, or failure to act according to legal standards.