The IMF, because it can force nations to take loans and bail out packages, has more power than other international governmental organizations dealing with the global economy

Refer to Figure 19-7. If the Indian government pegs its currency to the dollar at a value below $.02/rupee, we would say the currency is

A) parity valued. B) overvalued. C) undervalued. D) equilibrium valued.

Public choice theory suggests politicians will be most likely to favor redistribution of income from

a. the rich to the poor. b. unorganized taxpayers to well-organized interest groups. c. middle-income taxpayers to both the rich and the poor. d. well-organized businesses and labor groups to consumers.