In General, the IMF Provides Developing Countries With

question 46

Multiple Choice

In general, the IMF provides developing countries with:

• A)loans and lets these countries decide how the loans will be used.
• B)loans, but only if the government adopts certain policies specified by the IMF in return.
• C)technical advice but does not provide them with loans.
• D)neither loans nor technical advice.

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Definitions:

Specialize

To focus on a particular area of expertise or production, often to increase efficiency or performance in that area.

Comparative Advantage

The principle that holds a party can produce some goods at a lower relative cost than another, promoting beneficial trade.

Other Goods

The term refers to any goods that are not directly under consideration but can still affect the market situation, such as substitute or complementary goods.

Increasing Opportunity

Increasing opportunity involves the growth or expansion of choices and avenues through which individuals or organizations can achieve desired goals or outcomes.