As a Result of Its Power to Dictate Loan Terms

question 117

Multiple Choice

As a result of its power to dictate loan terms to borrowing countries (under the Bretton Woods system) ,the IMF could encourage ________ countries to pursue ________ monetary policies that would strengthen their currency or eliminate their balance of payments deficits.

• A) surplus; contractionary
• B) surplus; expansionary
• C) deficit; contractionary
• D) deficit; expansionary

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Definitions:

Logical Analysis

The systematic examination of arguments and statements through reasoning to assess their validity and infer conclusions.

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present, involving complex thought processes like analysis and synthesis.

Cognitive A-B-C Model

A psychological framework that helps to understand the relationship between an Activating event, Beliefs, and the Consequences of those beliefs, emphasizing the role of cognition in emotional and behavioral responses.

Antecedents

Antecedents are events or conditions that occur before a behavior, which may trigger or cue the behavior to occur in contexts of behavior analysis.