The IMF Has Been Criticized Because of All of the Following

question 70

Multiple Choice

The IMF has been criticized because of all of the following reasons except:

• A)it has a "one-size-fits-all" approach to macroeconomic policy is inappropriate for many countries.
• B)its rescue efforts are exacerbating a problem known to economists as moral hazard.
• C)it has become too powerful for an institution that lacks any real mechanism for accountability.
• D)its lax macroeconomic policies in the Asian crisis were not well suited to countries suffering from a private sector debt crisis with deflationary undertones.

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Definitions:

Montezuma

The ninth Aztec emperor of Mexico, noted for his inability to effectively deal with the Spanish conquest led by Cortés.

West Coast

Usually refers to the westernmost coastal areas of a continent, in many contexts relating to the Pacific coast of the United States.

Fifteenth Century

The time period from the year 1401 to 1500, marking the later Middle Ages and leading into the Renaissance in Europe.

Portuguese

The Portuguese refers to the people of Portugal, a country in southwestern Europe, known for its exploratory achievements, maritime history, and cultural influences across the globe.