The IMF's approach to structural adjustment usually
a. placed priority on growth-related investments
b. eased conditions by providing subsidies for goods consumed by the poor
c. aimed to switch production from goods consumed domestically to goods intended for export
d. focused on governments switching expenditure from defense spending to job creation
e. all of the above
C
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A low price-earnings ratio indicates that either the stock is
a. undervalued or people are relatively optimistic about the corporation's prospects. b. overvalued or people are relatively optimistic about the corporation's prospects. c. overvalued or people are relatively pessimistic about the corporation's prospects. d. undervalued or people are relatively pessimistic about the corporation's prospects.
A monopoly which arises from significant economies of scale is referred to as a
A) monopolistic competitor. B) strategic resource monopoly. C) natural monopoly. D) patent monopoly.