Why Did the Argentine Currency Crisis of 2001 Occur

question 69

Multiple Choice

Why did the Argentine currency crisis of 2001 occur?

• A)The Argentine president continued to let the peso float in order to maintain political support for his party.
• B)The end of the Cold War led to too many imports from former communist countries.
• C)Argentina's beef exports increased so much that it led to a shortage of currency.
• D)Argentina had pegged the peso to the dollar and could not easily change its policy.

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when working alone.

Process Losses

Factors that detract from team effectiveness.

Delphi Technique

A method of group communication and decision-making using a series of questionnaires to gather information and opinions from experts, aimed at reaching a consensus.

Rational Decision-Making Technique

A systematic process of defining problems, evaluating alternatives, and choosing optimal solutions based on logical and objective analysis.