question archive 1) The International Monetary Fund should be called in immediately to assess or reassess the economies of Turkey, Argentina, and Venezuela to stabilize their economies, true or false? 2-Jobs generated from small businesses and consumption from citizens of a nation's economy are the principle tools of growth that drive our economies
1) The International Monetary Fund should be called in immediately to assess or reassess the economies of Turkey, Argentina, and Venezuela to stabilize their economies, true or false? 2-Jobs generated from small businesses and consumption from citizens of a nation's economy are the principle tools of growth that drive our economies
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1) The International Monetary Fund should be called in immediately to assess or reassess the economies of Turkey, Argentina, and Venezuela to stabilize their economies, true or false?
2-Jobs generated from small businesses and consumption from citizens of a nation's economy are the principle tools of growth that drive our economies. True or false?
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1-The International Monetary Fund should be called in immediately to assess or reassess the economies of Turkey, Argentina, and Venezuela to stabilize their economies, true or false?
Answer : True.
Explanation : Turkey faces currency crises. Depreciation of Turkish Lira is making it difficult for the businesses to operate. Currency crises with recessionary pressure because of Covid 19 has resulted in increased instability in the Turkish economy. This making increasing the requirement of intervention by International Monetary Fund.
In Argentina, nearly half of the population has come under poverty because of economic crises due to Covid 19.
Around 47% of the population is under poverty because of economic slowdown.
3.5 million jobs were lost because of coronavirus pandemic.
Venezuela is facing hyper inflation, economic downturn caused by its socialist government. Widespread corruption, poor leadership and mismanagement has caused increase in the economic crises.
Core inflation is dropped in various developing and under developed countries except for Argentina, Turkey, and Venezuela where inflation is still high, resulting in decline in purchasing capacity of individuals.
2-Jobs generated from small businesses and consumption from citizens of a nation's economy are the principle tools of growth that drive our economies. True or false?
Answer : True
Explanation : There are around twenty-seven million small businesses in US, which contribute nearly 45% to the Gross domestic product. Around 48% of employment is provided by small businesses. Theses small businesses are able to survive when there goods and services are being purchased and consumed by the citizens. Thus jobs generated from small businesses and consumption from citizens of a nation's economy are the principle tools of growth that drive our economies.
