Indicate below the activity that the IMF is not involved in
A) financing countries' BOP deficits through temporary loans
B) overseeing exchange rate policies
C) monitoring BOP imbalances
D) issuing a composite currency called ECU
D
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Refer to Figure 4-15. How much of the tax is paid by sellers?
A) $2 B) $5 C) $7 D) $12
If a firm is maximizing profit and the marginal revenue product of labor is $10 and the marginal revenue product of capital is $30, then
a. the marginal resource cost of labor is $3, and the marginal resource cost of capital is $0.33 b. the marginal resource cost of labor is $0.33, and the marginal resource cost of capital is $3 c. the marginal resource cost of labor equals the marginal resource cost of capital; both are $300 d. the marginal resource cost of labor is 1/3 of the marginal resource cost of capital e. we have no way of knowing the marginal resource cost of either labor or capital