Argentina Provides a Good Example of How a Country Can

question 30

Multiple Choice

Argentina provides a good example of how a country can emerge from an economic crisis as a stronger global competitor.An example of emergency measures implemented by Argentina include:

• A)Argentina reduced the duties on consumer goods.
• B)Argentina devalued its currency for exports and capital transactions.
• C)Argentina added tariffs on imported wines.
• D)Argentina adopted the U.S.dollar as official currency.
• E)Argentina added tariffs on wine produced within the country.

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Definitions:

Efficiency

The optimal use of resources to achieve the desired ends with minimum waste or effort.

Equity

The concept of fairness or justice within the economy that deals with the distribution of wealth and resources.

Trade

The exchange of goods, services, or both within and between countries.

Specialize

To focus on a particular area of production or work, allowing for increased efficiency and expertise in that area.