The primary function of the International Monetary Fund is
A) to provide loans only to private firms in developing countries.
B) to make direct, irrevocable transfers of funds from wealthy nations to poor nations.
C) to lend solely on the basis of a nation's relative poverty.
D) to make loans aimed at promoting global stability and hence growth.
D
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A zero pollution level is not achievable because
A) corporations would lobby against it. B) it implies no production and no consumption. C) it implies an output level larger than that from a competitive market equilibrium. D) consumption would be larger than production.
A concern about crowding out caused by increased government borrowing is that:
A. interest rates on private borrowing fall. B. lower rates of economic growth can result from a decline in business investment spending. C. the federal government may default on its loans. D. foreign lenders find it less attractive to help finance federal deficits.