In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used.
B. technical advice but does not provide them with loans.
C. loans, but only if the government adopts certain policies specified by the IMF in return.
D. neither loans nor technical advice.
Answer: C
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Briefly describe how the Bretton Woods system operated
What will be an ideal response?
Goods produced in the U.S. are made more competitively priced when
a. the dollar appreciates. b. the dollar depreciates. c. the exchange rate is fixed. d. the money supply is decreased.
By summing the quantities demanded by individuals at each price we obtain the
A) equilibrium price. B) market demand curve. C) market supply curve. D) individual demand curve.
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC: 
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade, your island has a total of ________ coconuts and ________ fish.
A. 150; 1,300 B. 500; 1,500 C. 150; 2,800 D. 500; 1,300