Under the Bretton Woods Agreement, the goal of the IMF was to
A. lend to countries experiencing balance of payment deficits.
B. help less developed countries advertise their goods in the developed countries.
C. provide oversight to the functioning of central banks in the member countries.
D. finance international transactions in gold.
Answer: A
You might also like to view...
In a market with information asymmetry, gains from trade occur if:
A) the value of the good to the seller is greater than its value to the buyer. B) the value of the good to the buyer is greater than its value to the seller. C) the variable cost of producing the good is zero. D) the opportunity cost of consuming the good is zero.
When a Pigouvian tax is imposed, ________
A) the marginal private cost curve shifts upward B) the demand curve shifts rightward C) the marginal social cost curve shifts downward D) the marginal social benefit curve shifts downward
"Crowding out" refers to the decrease in ________ that may result from an increase in government spending
A) private investment B) imports C) private saving D) all of the above E) none of the above
The law of comparative advantage explains which of the following?
What will be an ideal response?