Which of the Following Is a Possible Benefit of International

question 39

Multiple Choice

Which of the following is a possible benefit of international macroeconomic policy coordination?

• A)International macroeconomic policy coordination gives countries the political cover to abolish import tariffs and export taxes.
• B)International macroeconomic policy coordination gives countries the opportunity to consider spillover effects on other countries that arise from interdependence.
• C)International macroeconomic policy coordination builds a forum where developing countries can come up with a common political agenda.
• D)International macroeconomic policy coordination helps stronger countries to impose their prescribed economic policies on weaker countries.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving judgment, evaluation, and consideration of possible outcomes.

Building Blocks

Fundamental components or units from which something is constructed or developed.

Generating Ideas

The creative process of brainstorming or coming up with new and innovative concepts, often a crucial early step in project development and problem-solving.

Creative Self-efficacy

The belief in one's capabilities to produce creative outcomes.