Inflationary Tendencies and Even Hyperinflation in Many Latin American Countries

question 10

Multiple Choice

Inflationary tendencies and even hyperinflation in many Latin American countries have been exacerbated by the tendency of governments to

• A)tax too heavily.
• B)regulate too heavily.
• C)print money to finance policies to stimulate the economy.
• D)keep out foreign competition.

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Definitions:

Functions

Activities or roles that are natural to or the purpose of a person or thing.

Political Scientists

Scholars who study the origin, development, and operation of political systems and public policy.

Government

The organization, or group of individuals and institutions, that has the authority to make and enforce laws and decisions for a specific community, region, or country.

Private Goods

Goods that are characteristically excludable and rivalrous, meaning their use is limited to paying customers and one person's consumption prevents another's.