South Korea Suffered a Destabilizing Speculation in the Late 1990s

question 101

Multiple Choice

South Korea suffered a destabilizing speculation in the late 1990s.This had the effect of ________ for the won.South Korean government tried to counteract this by raising interest rates which should have ________ the won.

• A) decreasing demand; increased demand for
• B) decreasing the supply; increased supply of
• C) increasing demand; decreased demand for
• D) decreasing the supply; increased demand for

Recognize the influences on rational choice theory from various fields.

Explain how opportunity costs and resource scarcity shape actions within rational choice theory.

Identify the differences between various social theories, including rational choice theory, exchange theory, and network theory.

Describe George Homans' propositions related to rational choice and exchange theories.

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Definitions:

Personal Contacts and Networks

Connections and relationships with individuals for professional or personal gain.

Political Action Committees

Organizations that collect funds to donate to political campaigns or to lobby for legislation or policies beneficial to their interests.

Lobbying

The act of influencing decisions made by officials in the government or other institutions, often carried out by special interest groups or lobbyists.

Human Resource Foundation

The fundamental principles and practices related to managing an organization's workforce, including recruitment, training, development, and compensation.