On a Global Scale, the Policies of the International Monetary

question 150

Multiple Choice

On a global scale, the policies of the International Monetary Fund and the World Bank

• A)increase local consumption in a country, instead of exportation of their products.
• B)are designed to protect natural resources, such as forests and minerals.
• C)reduce exploitation of labor by foreign corporations.
• D)pressure the developing countries to serve foreign investors at the expense of the local economy.

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Definitions:

Output Increment

The increase in output that results from employing an additional unit of input, reflecting the productivity of the input in the production process.

Pure Monopolist

A single seller in a market who has exclusive control over a particular good or service and is the only one to provide that good or service.

Marginal Revenue

The additional income received from selling one more unit of a good or service; typically used to determine optimal production levels.

Marginal Cost

The expense incurred from manufacturing an extra unit of a good or service.