The external shock that hit Mexico and other Latin American countries in the early 1980s that caused the Lost Decade was a collapse in world oil prices.
Indicate whether the statement is true or false
Question 2 - Borrowing money from other countries is rarely a good idea.
Indicate whether the statement is true or false
Question 3 - A crisis caused by sudden capital flight
A) is easy to resolve with capital controls.
B) might be lessened if investor confidence can be increased.
C) has a clear and unique equilibrium outcome.
D) can be corrected through currency devaluation.
Question 4 - Trading French wine for California wine is an example of intraindustry trade.
Indicate whether the statement is true or false
Question 5 - Latin American economies have become relatively more closed to international trade since 1985.
Indicate whether the statement is true or false
Question 6 - Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered not free, and between 1985 and 1995, to places that were considered corrupt by international organizations.
Indicate whether the statement is true or false
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