By devaluing the Bolivar, the president of Venezuela has artificially decreased the value of the national currency.
What this does it make it more expensive to buy US dollars. In the last 2-3 years, there has been a flight of billion of US dollars out of Venezuela due to the economic disaster looming in the country.
By making it more expensive to buy US Dollars, the President of Venezuela is hoping to decrease the flight of money from the country and protect local reserves.
To what extent this actually works, we will have to see. In many developed countries or countries with a healthy economy, such a strategy might work. However, in the case of Venezuela, the economy is so bad, that even the devaluation of the Bolivar might not help solve much.
A recent example of checks and balances is the Courts’ check and balances on President Trump’s immigration policy. This is when a federal judge in Washington issued an injunction against his visa executive order and thus preventing visa restrictions from taking effect
1. Because the congress must analyze all the points presented in the new bill, in addition to analyzing whether the law does not contradict the laws already established. In addition, it is necessary to wait for the approval of the executive branch.
2. The system must be optimized because if a bill needs to be made, it means that there is a socioeconomic need in the country that needs guidelines to be established.
3. It is preferable that laws are made quickly, if this is done through an efficient system that minimizes errors and shows positive results for society. Thus having a dynamic legislative system that is highly efficient and less expensive.
Answer:
if you can comments the options that would be great and then i can help you :)