The IMF often requires countries that borrow from it to introduce policies that privatize government-owned industries such as telecommunications and power generation. This is an example of:
A. limited capital account convertibility.
B. infrastructure investment.
C. a balance of payments constraint.
D. conditionality.
Answer: D
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Suppose the United States subsidizes domestic chicken production and then sells surpluses on the world market at a price below the cost of production
In foreign countries, the argument that would made to restrict chicken trade with the United States would be the A) penalizes lax environmental standards argument. B) saves jobs argument. C) infant-industry argument. D) dumping argument. E) national security argument.
The labor force includes individuals who are: I. Employed II. Unemployed III. Discouraged workers
A) I only B) Both I and II C) Both I and III D) All I, II and III
The following is an example of risk aversion
a. those applying for a well-paid job tend to be unqualified b. more reckless drivers opt for cars with fewer safety devices c. the contractor with the lowest bid for a is the most qualified d. Initial Public Offerings (IPOs) seek investors when prospects look good
Commodity money has value only because people have put faith in the money and accept that it has value
a. True b. False Indicate whether the statement is true or false