In January 2002, the Argentine Peso Changed in Value from Peso1.00

question 10

Multiple Choice

In January 2002, the Argentine Peso changed in value from Peso1.00/$ to Peso1.40/$; thus, the Argentine Peso ________ against the U.S. dollar.

• A) strengthened
• B) weakened
• C) remained neutral
• D) all of the above

---

Definitions:

Invisible Hand

A metaphor introduced by Adam Smith to describe how individuals pursuing their own interests unintentionally benefit society as a whole.

Das Kapital

A foundational text in Marxist theory written by Karl Marx, critiquing the political economy and capitalism.

Karl Marx

A philosopher, economist, and revolutionary socialist from the 19th century recognized for his insights on capitalism and communism.

Largest Exporter

The country or entity that ships the largest volume of goods to international markets compared to others.