An Argument That Supports the View That the World Needs

question 76

Multiple Choice

An argument that supports the view that the world needs an international lender of last resort such as the IMF is that

• A) central banks in emerging-market countries lack credibility as inflation fighters.
• B) an international lender of last resort creates a safety net that protects bank depositors.
• C) the IMF is slow to lend, which ultimately reduces the amount that must be borrowed.
• D) the IMF imposes requirements that borrowing countries must enact microeconomic policies to reform their financial systems.

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Definitions:

Managing Creative Workers

The process of leading and motivating individuals involved in creative professions, fostering an environment where innovation and original ideas are encouraged.

Autocratic Leadership

A leadership style characterized by individual control over all decisions and little input from group members.

Flexibility

The ability to adjust to different situations.

Creative Workers

Individuals engaged in occupations that require innovation, originality, and thinking outside conventional norms to produce unique and novel outputs.