The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance.
B. determine monetary and fiscal policy in developing countries.
C. determine exchange rates for developing countries.
D. buy and sell the currencies of developing countries in order to stabilize their value.
Answer: A
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The neoclassical model predicts that nations that are initially poor should have
A) slower growth rates than nations that are rich. B) faster growth rates than nations that are rich. C) growth rates equal to those of nations that are rich. D) negative growth rates.
Assume that a college student purchases only Ramen noodles and textbooks. If Ramen noodles are an inferior good and textbooks are a normal good, then the income effect associated with a decrease in the price of a textbook will result in
a. a decrease in the consumption of textbooks and a decrease in the consumption of Ramen noodles. b. a decrease in the consumption of textbooks and an increase in the consumption of Ramen noodles. c. an increase in the consumption of textbooks and an increase in the consumption of Ramen noodles. d. an increase in the consumption of textbooks and a decrease in the consumption of Ramen noodles.
If the net public debt declined last year, then which of the following most likely occurred during that year?
A. The share of foreign holdings of the government's debt increased. B. The government experienced a budget surplus. C. The government's budget was balanced. D. The government experienced a budget deficit.
The above figure illustrates a perfectly competitive firm. Curve A represents the
A) MR curve. B) ATC curve. C) MC curve. D) AVC curve. E) AFC curve.