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Bank of Thailand contest gives students an economic IQ test.
Byline: Parista Yuthamanop
Dec. 7--The questions would undoubtedly stump a large portion of the population.
"What will happen to the equilibrium in price and demand for diesel engine cars if the government continues subsidies to keep retail diesel prices lower than petrol prices?"
Or, "What are the implications if the US dollar depreciates relative to the baht and the euro?"
A third, "What was the cause of the 1997 economic crisis", has been the topic of choice of many a research paper and doctorate thesis among economists over the past several years.
But the questions were not fielded by economists at an investment seminar or by graduate students during oral examinations. No, ...
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