Which of the following is a FALSE statement about the International Monetary Fund (IMF)?
A) The IMF was created after the Bretton Woods Conference to help to maintain the international fixed exchange rate system that was introduced.
B) The IMF lends to national governments, initially to maintain the fixed exchange rate system, and today to deal with debt or currency crises.
C) Multinational corporations can get IMF loans if they agree to invest in economies that are internationally perceived as risky and otherwise unlikely to receive direct foreign investment.
D) One of the criticisms of the IMF and other international governmental organizations that deal with the global economy is that their decision making may be biased toward policies that favor industrialized nations.
C
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The national concentration ratio
A) underestimates concentration for both the newspaper and the automobile industries. B) overestimates concentration for both the newspaper and the automobile industries. C) underestimates concentration for the newspaper industry and overestimates it for the automobile industry. D) overestimates concentration for the newspaper industry and underestimates it for the automobile industry.
Marketing boards were intended to
a. buy crops from farmers b. import crops from other countries c. subsidize agriculture by incurring losses d. ensure that all food stayed in the country e. all of the above
For a monopolist, the price of the product:
A. is less than the marginal revenue. B. exceeds the marginal revenue. C. equals the marginal cost. D. equals the marginal revenue.
The price elasticity of demand coefficient for a good will be greater:
A. if close substitutes exist. B. if minor complements exist. C. in the short-run. D. if a small portion of the budget will be spent on it.