Answer each question in this part with TRUE, FALSE, or UNCERTAIN. Provide a brief but clear explanation for your answer.

Q5:

The portfolio and short-term capital inflow make the India currency more vulnerable to external shocks.

Q6:

The Asian currency crisis in 1997 started in Thailand and had a contagious effect on the economies of India and China.

Q7:

"Chinese economy is constrained by demand and the Indian economy is constrained by supply."

Q8:

the Hong Kong economy has been propelled principally by Kirznerian entrepreneurship