The IMF conditionality may include
A) changes in the fiscal and monetary policies of the country facing the financial crisis.
B) changes in the exchange rate policies.
C) regulating and restructuring the financial sector of the economy of the country in crisis.
D) structural policies affecting international trade and public enterprises.
E) All of the above.
Question 2 - Harmonization of standards refers to
A) the elimination of tariffs and quotas by trading partners.
B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners.
C) the acceptance or keeping of a trading partner's standards as valid and sufficient by another trading partner.
D) separate standards held by different trading partners which other partners refuse to recognize.
E) All of the above.
Question 3 - In economics, what does CPI stand for?
A) Continuous Price Inflation.
B) Central Price Information.
C) Consumer Price Index.
D) Collateral Price Inflation.
Question 4 - Suppose that Canada can produce 15 timber or 3 film and Mexico can produce 9 timber or 3 film. Suppose that opportunity costs are constant. Which of the following is FALSE?
A) Canada has an absolute advantage in timber production.
B) Mexico has a comparative advantage in film production.
C) The opportunity costs for producing timber are lower in Canada than in Mexico.
D) Canada and Mexico would find trade mutually advantageous at a ratio of one unit of film to six units of timber.
Quick Reply
