Structural Adjustment Programs, Promoted by the IMF Involve

question 23

Multiple Choice

Structural adjustment programs, promoted by the IMF involve

• A)reduction in government spending.
• B)maintenance of local currencies at artificially high levels.
• C)increasing food subsidies.
• D)debt forgiveness.
• E)implementation of "economic nationalism" programs.

---

Definitions:

Marginal Revenue

The additional income earned from the sale of one more unit of a product or service.

Industry Standard

A set of criteria within an industry that acts as an agreed-upon norm or benchmark for products, services, and processes.

Economies of Scale

A concept in economics where increasing the scale of production leads to a decrease in the average cost of each unit produced.

Natural Monopolies

Industries in which high infrastructure costs and other barriers make it efficient for a single company to supply all of the market's needs.