In Some Developing Countries and in Some Former Communist Countries

question 268

Essay

In some developing countries and in some former Communist countries, people exchange their domestic currencies for foreign currencies such as the dollar in black markets. Why would this practice go on?

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Definitions:

Competitive Sports

Sports activities in which participants are pitted against each other with the goal of winning or achieving better results.

Moral Development

The process by which individuals learn to differentiate right from wrong and to develop attitudes and behaviors that are socially acceptable.

Sense of Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

General Guidelines

Broad recommendations or principles that provide direction for action or behavior in various situations.