Many developing countries face a balance of payments constraint because:
A. they fail to implement exchange rate policy correctly.
B. they hold too few international reserves.
C. they hold too many international reserves.
D. the IMF forces them to adopt policies that are counterproductive.
Answer: B
You might also like to view...
The expected inflation rate is the inflation rate that people forecast and use to help set
A) the money wage rate. B) the real wage rate. C) real GDP. D) the natural rate of unemployment. E) the price level.
Strikebreakers
A) can reduce the bargaining power of a union. B) can strengthen the bargaining power of a union. C) make a union negotiation invalid. D) make a strike permanent.
Which of the following is most likely to cause the productivity of labor to increase?
a. higher money wages b. a higher rate of investment in human and nonhuman capital c. more flexible working hours and improved retirement plans d. an increase in the proportion of the workforce that belongs to a labor union
The financial system consists of financial ________, such as commercial banks, and financial markets, such as the stock market.
A. intermediaries B. allocations C. brokers D. corporations