The International Monetary Fund, as One of Its Basic Principles

question 43

True/False

The International Monetary Fund, as one of its basic principles (Article IV), encourages members to pursue "currency manipulation" to gain competitive advantages over other members as opposed to engaging in military action to achieve the same advantage.

Understand how counterattitudinal behavior can lead to attitude change.

Recognize the components that constitute communicator credibility.

Understand the psychological discomfort resulting from cognitive dissonance and methods to reduce it.

Recognize how self-perception theory explains attitude formation and change.

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Definitions:

Microeconomist

An economist specializing in the study of the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.

Macroeconomist

An economist who studies the overall workings of an economy, including issues like inflation, unemployment, and economic growth at a large scale.

Minimum-Wage Laws

A law that establishes the minimum hourly pay rate that employers are legally allowed to offer their workers.

Council Of Economic Advisers

A group of economists who advise the President of the United States on economic policy.