1. which of the following statements is true about importquotas? a. import quotas benefit consumers by lowering...
Question:
1.
which of the following statements is true about importquotas?
a. import quotas benefit consumers by lowering prices for pricesfor domestically produced goods.
b. import quotas help foreign producers gain a competitiveadvantage.
c. import quotas benefit consumers by decreasing the domesticprice of the imported goods.
d. import quotas benefit domestic producers by limitingquantities of a good that may be imported.
e. both a and b
2.
which of the following is true about the IMF and the WorldBank?
a. The World Bank was established to lend to multinationalcompanies.
b. The World Bank’s role is now primarily to lend to governmentsof poorer countries to fund development projects.
c. The IMF lends to both richer and poorer countries that findthemselves in severe finial difficulties.
d. The IMF’s role is now primarily to lend to governments ofpoorer countries to fund development projects.
e. both b) and c)
3.
which of the following is an important reason why countries donot adopt the gold standard?
a.There is too much gold in the world right now to make a goldstandard a realistic possibility.
b. to make a gold standard work, the values of currencies interms of gold have to keep changing.
c. platinum is now more valuable than gold.
d. monetary authorities generally want to control the supply ofmoney in their countries rather than depend on whatever amount ofgold they happen to have at the time.
e. both b) and c)
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