What is the role of the IMF for debtor nations experiencing repayment problems? The IMF has been criticized for imposing conditions that restrict economic growth and lower living standards in borrowing countries
Do you support this view? Why or why not? Briefly explain.
IMF makes loans and provides economic advice. Open ended second question.
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A natural monopoly under rate of return regulation has an incentive to
A) pad its costs. B) produce more than the efficient quantity of output. C) charge a price equal to marginal cost. D) maximize consumer surplus.
Economies that are more open seem generally to be economies that grow faster. How might this be explained?
What will be an ideal response?
_____ forces firms in a perfectly competitive market to sell their products at the prevailing market price
a. Pronounced barriers to entry b. The ability to raise prices to levels higher than the marginal cost of production c. A high degree of similarity with competitors' products d. Supernormal profits in the long run
Something that would cause the long-run aggregate supply curve to shift to the right would be:
A. technological advance. B. increase in the growth rate of the labor force. C. discovery of a new oil reserve. D. All of these would shift the long-run aggregate supply curve to the right.