Which of the following is FALSE about the Highly Indebted Poor Countries initiative?
A) Most of the countries included are in sub-Saharan Africa.
B) Countries qualify for debt relief partly based on their level of poverty.
C) Countries do not have to have established a past track record of economic reform in order to qualify as long as they make future commitments.
D) External debt levels must be high relative to exports in order to qualify.
C
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You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house
a. $132,000 b. $100,000 c. $160,000 d. $192,000 e. $800,000
A point inside a production possibilities curve reflects:
a. the law of increasing costs. b. technological innovation. c. less than full use of resources and technology. d. economic efficiency. e. a way to increase future economic growth.
At what price would Juan and the other producers supply the largest quantity of coffee?
a. $2 per pound
b. $3 per pound
c. $4 per pound
d. $5 per pound
Antidumping duties are a type of:
a. tariff. b. quota. c. export. d. trade agreement.