In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used.
B. technical advice but does not provide them with loans.
C. loans, but only if the government adopts certain policies specified by the IMF in return.
D. neither loans nor technical advice.
Answer: C
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Lois sells ten sweaters she had knitted to a retail store. The gross domestic product (GDP) of her country _____
a. will increase b. will decrease c. will remain unaffected d. will increase only if the sweaters are as good as the sweaters sold by other retailers e. will increase if the price of each sweater is less than the cost of inputs required
A market demand schedule for a product indicates that
A) as the product's price falls, consumers buy less of the good. B) there is a positive relationship between price and quantity demanded. C) as a product's price rises, consumers buy more of the good. D) there is a negative relationship between price and quantity demanded.