In the Early 2000s, Ecuador Replaced Its Currency, the Sucre

question 89

Multiple Choice

In the early 2000s, Ecuador replaced its currency, the sucre, with the U.S.dollar as its official currency.What will no longer be possible for the government of Ecuador?

• A)financing government deficits by printing money
• B)financing government deficits by borrowing in the financial markets
• C)running a balance of payments deficit on the current account
• D)running a balance of payments deficit on the capital account

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Definitions:

Ego Needs

Refers to the psychological needs that relate to an individual's self-esteem, personal worth, and social recognition.

Humanistic Approach

A perspective within psychology that emphasizes the study of the whole person, looking at human behavior through the eyes of the observer and the person doing the behaving.

Personality

The integration of an individual's feelings, attitudes, and actions as response patterns.

Criticisms

Evaluations or judgments regarding the merits and faults of the actions or work of another.