Which country has instituted successful fiscal policy to work to stabilize its economy, despite being heavily dependent on the volatile venture of copper mining?
A) Argentina
B) Brazil
C) Chile
D) Mexico
E) none of the above

Question

Quizplus · Accepted Answer

Chile has instituted successful fiscal policy to work to stabilize its economy, despite being heavily dependent on the volatile venture of copper mining. The country has maintained a low public debt-to-GDP ratio, a strong fiscal position, and a stable inflation rate through a combination of prudent fiscal management, a flexible exchange rate regime, and a rules-based fiscal framework. Chile has also established savings funds, such as the Economic and Social Stabilization Fund, to mitigate the impact of fluctuations in copper prices on the economy.

Which Country Has Instituted Successful Fiscal Policy to Work to Stabilize