Which of the Following Is True of the International Monetary

question 60

Multiple Choice

Which of the following is true of the International Monetary Fund?

• A) It provides heavily subsidized loans to poor governments in an effort to help them build infrastructure such as roads, the private sector, and public utilities.
• B) It ensures that international trade runs freely and fairly between countries and that member nations impose the minimal number of restrictions on each other.
• C) It audits national trade policies, oversees trade agreements, and helps developing countries create trade policy.
• D) It is often considered a "lender of last resort" to nations whose economies are in trouble and whose currencies are losing value.

---

Definitions:

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, meaning that a small change in price results in a large change in the quantity demanded.

Fixed Cost

Costs that do not vary with the level of production or sales activities, such as rent or salaries.

Total Cost

Total cost refers to the complete sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Child Abuse Prevention

Strategies and actions aimed at stopping maltreatment of children, including physical, emotional, sexual abuse, or neglect.