Critics of the IMF Program in Argenina Argued That

question 77

Multiple Choice

Critics of the IMF program in Argenina argued that:

• A)the culture of corruption was too deeply rooted in Argentina to change
• B)foreign investors would not return to Argenina simply because of the IMF program
• C)the global economic slowdown limited the impact of the IMF programs
• D)Argentina's politics would were too nationalistic and would not allow a foreign institution to interfere in the country
• E)the austerity program would only make the crisis worse

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Definitions:

Actual Authority

The explicit power granted by a principal to an agent to act on their behalf.

Gratuitous Agent

An individual who acts on behalf of another without receiving any compensation or benefit, motivated by voluntary intent or relationship.

Duty of Loyalty

An obligation of an individual, such as a director of a company, to act in the best interests of the company or another person, without personal conflict.

Fiduciary

A person or organization that acts on behalf of another person or persons, putting their clients' interest ahead of their own, with a duty to preserve good faith and trust.