Explain the balance of payments, including the types of international transactions that make up the balance of payments, and provide one example for each type of transaction. If a state faces a balance of payments problem, from what international organization could it seek help? Explain your reasoning.
What will be an ideal response?
The ideal answer should include:
1. Explain a state's balance of payments.
2. Describe the types of international transactions that make up the balance of payments, including the current account, flows of capital, and changes in reserves.
3. Provide one example for each of the three types. For example, the current account is exemplified by money flowing into a state to pay for exports and money flowing out of a state to pay for imports.
4. Identify the IMF as the primary international organization offering aid to states experiencing balance of payments problems.
5. Offer a concise summary and effective conclusion.
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Indicate whether this statement is true or false.
How did the report of the Hoover commission affect the federal bureaucracy?
A) It embraced the managerial presidency and lent organizational support to the expanding government. B) It rejected the notion of presidents as managers and argued for deep reductions in the size and scope of government. C) It argued against scientific management as a mechanism of bureaucratic control and eliminated its use in government. D) It reported that the rate of increase of the federal bureaucracy demanded the creation of a plural executive.