The International Monetary Fund was created to achieve each of the following goals EXCEPT
A. lend funds to countries with international payment problems.
B. monitor and offer advice on the exchange rate policies of member nations.
C. encourage free convertibility of the currencies of member nations.
D. finance large government infrastructure projects.
Answer: D
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. A worker will not supply any labor when the wage rate is less than the marginal value of leisure. 2. The substitution and income effects of a wage increase both cause consumption to rise. 3. An individual's labor supply can become backward bending because high wages tend to magnify substitution effects. 4. A worker's labor supply may either rise or fall when nonlabor income increases, depending on whether the substitution effect or the income effect dominates. 5. A worker's labor supply curve is upward sloping only if the substitution and labor income effects are in the same direction.
In the language of economics, the environment is considered a ___________, a good we have to protect
a. Personal good b. Community good c. Natural good d. Aggregate good
Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true? a. U.S. goods would become less expensive to Canadian consumers
b. Canadian goods would become more expensive to Canadian consumers. c. U.S. goods would become less expensive to European consumers. d. all of the above
If the marginal propensity to save in a closed economy is 0.25 and a lump-sum tax is imposed, the slope of the economy's aggregate expenditures schedule will be
A. .25. B. less than the slope before the tax. C. greater than the slope before the tax. D. .75.