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\frac{\left(-\frac{2}{3}\right)^{-4}\times \left(\frac{3}{2}\right)^{2}}{\left(-\frac{2}{3}\right)^{-3}}
To multiply powers of the same base, add their exponents. Add -1 and -3 to get -4.
\frac{\left(\frac{3}{2}\right)^{2}}{\left(-\frac{2}{3}\right)^{1}}
To divide powers of the same base, subtract the numerator's exponent from the denominator's exponent.
\frac{\frac{9}{4}}{\left(-\frac{2}{3}\right)^{1}}
Calculate \frac{3}{2} to the power of 2 and get \frac{9}{4}.
\frac{\frac{9}{4}}{-\frac{2}{3}}
Calculate -\frac{2}{3} to the power of 1 and get -\frac{2}{3}.
\frac{9}{4}\left(-\frac{3}{2}\right)
Divide \frac{9}{4} by -\frac{2}{3} by multiplying \frac{9}{4} by the reciprocal of -\frac{2}{3}.
-\frac{27}{8}
Multiply \frac{9}{4} and -\frac{3}{2} to get -\frac{27}{8}.