Which of the Following Was NOT One of the Causes

question 38

Multiple Choice

Which of the following was NOT one of the causes of the Asian financial crises of 1997 and 1998?

• A)A current account deficit and financial account surpluses
• B)The use of exports as an engine of economic growth by the countries involved
• C)China's 1994 devaluation of its fixed exchange rate
• D)The appreciation of the U.S. dollar and depreciation of the Japanese yen

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Definitions:

Alfred Marshall

He was a prominent British economist in the late 19th and early 20th centuries, best known for his significant contributions to the principles of microeconomics.

Price Determination

The process by which the prices of goods and services are established based on supply and demand conditions.

Supply and Demand

The fundamental economic model describing how prices vary as a result of a balance between product availability and the desire of buyers.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specific price point.